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ZONING: Legal restrictions on where different activities can locate within a city. Most cities regulate the location of industrial, commercial, and residential activities. The underlying motivation behind zoning is to keep less desirable, but perhaps more profitable, activities from encroaching upon residential areas.

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PLANNING HORIZON

Another term for the long-run average cost curve. The long-run average cost curve is termed the planning horizon or planning curve because it provides information that a firm can use to plan factory construction and expansion in the long run.

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Today, you are likely to spend a great deal of time calling an endless list of 800 numbers looking to buy either a three-hole paper punch or decorative picture frames. Be on the lookout for cardboard boxes.
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More money is spent on gardening than on any other hobby.
"A genius is a talented person who does his homework."

-- Thomas Edison

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