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Good (economics)
In economics, goods are items that satisfy human wants[1][dead link] and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable.[2] A good may be a consumable item that is useful to people but scarce in relation to its demand, so that human effort is required to obtain it. In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them. Private goods are things owned by people, such as televisions, living room furniture, wallets, cellular telephones, almost anything owned or used on a daily basis that is not food related [...More Info...] [...Related Items...] |
Intangible Asset
An intangible asset is an asset that lacks physical substance; in contrast to physical assets, such as machinery and buildings, and financial assets such as government securities. An intangible asset is usually very hard to evaluate. Examples are patents, copyright, franchises, goodwill, trademarks, and trade names. The general interpretation also includes software and other intangible computer based assets; these are all examples of intangible assets. Intangible assets generally—though not necessarily—suffer from typical market failures of non-rivalry and non-excludability.[1] Intangible assets may be one possible contributor to the disparity between "company value as per their accounting records", as well as "company value as per their market capitalization".[2] Considering this argument, it is important to understand what an intangible asset truly is in the eyes of an accountant [...More Info...] [...Related Items...] |
Warehouse
A warehouse is a building for storing goods.[1][2] Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, towns, or villages. They usually have loading docks to load and unload goods from trucks. Sometimes warehouses are designed for the loading and unloading of goods directly from railways, airports, or seaports. They often have cranes and forklifts for moving goods, which are usually placed on ISO standard pallets loaded into pallet racks. Stored goods can include any raw materials, packing materials, spare parts, components, or finished goods associated with agriculture, manufacturing, and production [...More Info...] [...Related Items...] |
Earth's Atmosphere
The atmosphere of Earth is the layer of gases, commonly known as air, retained by Earth's gravity, surrounding the planet Earth and forming its planetary atmosphere. The atmosphere of Earth protects life on Earth by creating pressure allowing for liquid water to exist on the Earth's surface, absorbing ultraviolet solar radiation, warming the surface through heat retention (greenhouse effect), and reducing temperature extremes between day and night (the diurnal temperature variation).
By volume, dry air contains 78.09% nitrogen, 20.95% oxygen, 0.93% argon, 0.04% carbon dioxide, and small amounts of other gases.[8]
Air also contains a variable amount of water vapor, on average around 1% at sea level, and 0.4% over the entire atmosphere
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Primary Sector Of The Economy
The Primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, hunting, fishing, and mining.[1][2][3] The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries [...More Info...] [...Related Items...] |
Electric Utility
An electric utility is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market.[1] The electrical utility industry is a major provider of energy in most countries. Electric utilities include investor owned, publicly owned, cooperatives, and nationalized entities. They may be engaged in all or only some aspects of the industry. Electricity markets are also considered electric utilities—these entities buy and sell electricity, acting as brokers, but usually do not own or operate generation, transmission, or distribution facilities [...More Info...] [...Related Items...] |
Electrical Energy
Electrical energy is energy derived from electric potential energy or kinetic energy. When used loosely, electrical energy refers to energy that has been converted from electric potential energy. This energy is supplied by the combination of electric current and electric potential that is delivered by an electrical circuit (e.g., provided by an electric power utility). At the point that this electric potential energy has been converted to another type of energy, it ceases to be electric potential energy. Thus, all electrical energy is potential energy before it is delivered to the end-use. Once converted from potential energy, electrical energy can always be called another type of energy (heat, light, motion, etc.). Electrical energy is usually sold by the kilowatt hour (1 kW·h = 3.6 MJ) which is the product of the power in kilowatts multiplied by running time in hours [...More Info...] [...Related Items...] |
