Material assets in the form of money or machinery used as a factor of production.
An element that interrupts production of a firm or consumption by individuals.
Output strategy that incurs the least amount of cost.
Resources defined as land, labor, and capital that are necessary to produce output for the sake of profit.
Human service that contributes to the creation or distribution of goods or services.
A factor of production that occurs naturally in the form of real estate or organic assets.
Procedure of determining quantity and cost that yields the greatest profit.
Temporary period of time with least control over constraints when at least one element is fixed.