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LIABILITY: Something that you owe. The biggest liabilities for most consumers are loans, including mortgages, car loans, credit-card balances, and installment accounts at stores.
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WHAT? The allocation question that determines the types and quantities of goods and services produced with society's limited resources. What goods and services are produced with society's limited resources? This is one of three basic questions of allocation. The other two are How? and For Whom?
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ORANGE REBELOON
[What's This?]
Today, you are likely to spend a great deal of time looking for a downtown retail store seeking to buy either a cross-cut paper shredder or a birthday greeting card for your father. Be on the lookout for cardboard boxes.
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This isn't me! What am I?
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Three-forths of the gold mined each year is used to manufacture jewelry.
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"We may affirm absolutely that nothing great in the world has been accomplished without passion." -- Hegel
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WFTU
World Federation of Trade Unions
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