Activity 2: Try to identify the following. You may use your answers in Activity 1.Inver tnunt 1. A product that people buy with hope that they be beneficial or will generate income in the future.2. A property from which the owner receives payment from occupants known as tenants, in returnin occupying or using the property.3. Remuneration received from employer in exchange of service.4. It is considered inflows from government and outflows from the firm.5. The amount of money that must be paid to acquire product.6. It is influenced by production costs, supply of the desired item, and demand for the product.7. It also refers to the value of machinery, plants and buildings that are bought by the firm forproduction purposes.8. It amounts of money charged on top of the principal, by a lender to the borrower for use ofassets.9. It is fixed regular payment, typically paid on a daily or weekly basis, made by an employer to anemployee, especially to a manual or unskilled worker.10. It is involuntary fees levied on individuals or corporations and enforced by a government entity-whether local, regional, or national-to finance government activities11. Refers to the physical human effort exerted in production.12. It is consumed to fuel day to day expenditures.13. It is building up the capital stock for more future production at the cost of savings whichpostpones present consumption.14. Payment for public goods and services by citizens.Shot onY11s the portion of income earned that is not spent on consumption or taxes.Vivo Al camera2021.11.03 16:15Entrepreneurship is the ability to know what products and services are needed by people and to be able to provide

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Activity 2: Try to identify the following. You may use your answers in Activity 1. Inves nunt 1. A product that people buy with hope that they be beneficial or will generate income in the future. 2. A property from which the owner receives payment from occupants known as tenants, in return in occupying or using the property. 3. Remuneration received from employer in exchange of service.

Activity 2: Try to identify the following. You may use your answers in Activity 1. Inves nunt 1. A product that people buy with hope that they be beneficial or will generate income in the future. 2. A property from which the owner receives payment from occupants known as tenants, in return in occupying or using the property. 3. Remuneration received from employer in exchange of service.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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