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INJUNCTION: A court order requiring a person, union, or firm to refrain from a particular activity. The general intent of an injunction is to prevent the action of one person that is very likely to harm another. Injunctions were commonly used during the more turbulent periods of the labor union movement, primarily by firms to prevent unions from striking. The Clayton made it more difficult for firms to use injunctions against unions.

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WEIGHT LOSING: An activity in which the transportation cost of the inputs is greater than the transportation cost of the output. Using the term weight to mean transportation cost, an activity is said to lose weight if the cost of getting the inputs to the factory is greater than the cost of moving the output to the market. A weight-losing activity has a greater attraction to, and tends to locate near, the source for the inputs.

     See also | transportation | spatial differentiation | location theory | weight | weight losing | transferrable input | transferrable output |


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LONG-RUN PRODUCTION ANALYSIS

An analysis of the production decision made by a firm in the long run. The central characteristic of long-run production analysis is that all inputs under the control of the firm are variable. The central principle guiding production in the long run is returns to scale, which indicates how production responds to proportional changes in all inputs. A contrasting analysis is short-run production analysis.

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The word "fiscal" is derived from a Latin word meaning "moneybag."
"Something in human nature causes us to start slacking off at our moment of greatest accomplishment. As you become successful, you will need a great deal of self-discipline not to lose your sense of balance, humility and commitment."

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