The labour, machinery and equipment (usually referred to as capital), land, and other inputs to a production process.

Fair market value is the price that the property, services or assets would sell for in an open market. If […]

A way to evaluate an allocation based on one’s conception of justice.

An organised movement enabling producers in developing countries to receive a fair price for the items they produce. Fairtrade certification […]

Mistaken inference that what is true of the parts (for example a household) must be true of the whole (in […]

A need to ensure that one does not forgo an opportunity (often for profit). This can often be used to […]

The curve made of points that defines the maximum feasible quantity of one good for a given quantity of the […]

All of the combinations of the things under consideration that a decision-maker could choose given the economic, physical or other […]

A quantity of money that is demanded in exchange for value.

Compare origination and underwriting fees along with closing costs. If you’re getting an SBA loan, expect an SBA loan guarantee […]