definitions Flashcards
1
Q
break-even point
A
point at which taking part is neither good nor bad
is the stage at which revenues equal costs.
2
Q
capital
A
physical plants, machinery, equipment used to produce other goods
3
Q
capital budget
A
includes investments, durable goods, depreciation investments, funding by external donors
4
Q
complementary budget
A
goods that are jointly consumed with other goods
5
Q
conventional budget
A
easiest method to calculate farm profits
