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NET PRIVATE DOMESTIC INVESTMENT: Expenditures on capital goods to be used for productive activities in the domestic economy that are undertaken by the business sector during a given time period, after deducting capital depreciation. More specifically net private domestic investment is found be subtracting the capital consumption adjustment from gross private domestic investment. It's primary function is to measure the net increase in the capital stock resulting from investment.
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COMPARATIVE ADVANTAGE The ability to produce one good at a relatively lower opportunity cost than other goods, especially compared to production in another country. Every person or country has a comparative advantage in production of at least one good or service, even with relatively limited production technology. A related, but contrasting concept is absolute advantage. Both terms are perhaps most important to the study of international trade, but also provide insight into other exchanges.
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time at a dollar discount store seeking to buy either car battery jumper cables or a dozen high trajectory optic orange golf balls. Be on the lookout for pencil sharpeners with an attitude.
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On a typical day, the United States Mint produces over $1 million worth of dimes.
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"It is the mark of an educated mind to be able to entertain a thought without accepting it." -- Aristotle
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MPI
Marginal Propensity to Invest
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