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Wearing a helmet while participating in activities similar to bicycle riding or motorcycle riding can severely lessen the chance of suffering a severe brain injury. …

Surplus labour is a concept used by Karl Marx throughout his critique of political economy. It means labour performed in excess of the labour essential…

Notions of “surplus produce” are actually used in economical thought and commerce for some time, but in Das Kapital, Theories of Surplus Value as well…

Constant capital is a concept created by Karl Marx and used in Marxian political economy. It refers to among the forms of capital picked up…

Capital Formation is a term used to detail net capital piling up during an accounting period. Capital formation means net additions associated with capital stock…

Depreciation is often a method of allocating the money necessary for a tangible tool over its beneficial life. Businesses depreciate long-term resources for both levy…

Opportunity Cost is the price of an alternative that must be forgone in buy to pursue a clear action. Put an additional way, the benefits…

Sunk Cost is a cost that was already incurred and thus can not be recovered. Sunk costs differs from other, future costs that a business…

Fixed Investment is an investment in fixed assets, such as buildings or machines. Fixed investment in economics identifies investment in fixed capital in order to…

Book Value is the value in which an asset is carried on a balance sheet. To calculate, take the price of an asset without the…

Bookkeeping involves the procedure of recording, analyzing and interpretation the financial transactions of a business or particular person. The discipline of bookkeeping makes up a…

Government Bond is a debt security issued by a government to support federal government spending, most often issued from the country’s domestic currency. Government debt…