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PHYSICAL CAPITAL: The synthetic resources used to produce goods and services. Capital is a factor of production that has been previously produced. Unlike other types of material items, capital does not become a part of the product. This should be compared with financial capital and human capital.
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LABOR The mental and physical human efforts used in the production of goods and services. This is one of four basic categories of resources, or factors of production. The other three are capital, land, and entrepreneurship.
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In the Middle Ages, pepper was used for bartering, and it was often more valuable and stable in value than gold.
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"No great performance ever came from holding back. " -- Don Greene, motivational coach, former Green Beret
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T-BOND
Treasury Bond
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