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  2. Raw material - Wikipedia

    en.wikipedia.org/wiki/Raw_material

    A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedstock, the term connotes these materials are bottleneck assets and are required to produce other products.

  3. Fixed cost - Wikipedia

    en.wikipedia.org/wiki/Fixed_cost

    In business planning and management accounting, usage of the terms fixed costs, variable costs and others will often differ from usage in economics, and may depend on the context. Some cost accounting practices such as activity-based costing will allocate fixed costs to business activities for profitability measures. This can simplify decision ...

  4. Finished goods - Wikipedia

    en.wikipedia.org/wiki/Finished_goods

    Raw material; Work in process; Finished goods; A good purchased as a "raw material" goes into the manufacture of a product. A good only partially completed during the manufacturing process is called "work in process". When the good is completed as to manufacturing but not yet sold or distributed to the end-user, it is called a "finished good". [1]

  5. Factors of production - Wikipedia

    en.wikipedia.org/wiki/Factors_of_production

    The "subject of labor" refers to natural resources and raw materials, including land. The "instruments of labor" are tools, in the broadest sense. They include factory buildings, infrastructure, and other human-made objects that facilitate labor's production of goods and services. This view seems similar to the classical perspective described ...

  6. Means of production - Wikipedia

    en.wikipedia.org/wiki/Means_of_production

    The means of production includes two broad categories of objects: instruments of labor (tools, factories, infrastructure, etc.) and subjects of labor (natural resources and raw materials). People operate on the subjects of labor using the instruments of labor to create a product; or stated another way, labor acting on the means of production ...

  7. Foreign trade of the United States - Wikipedia

    en.wikipedia.org/wiki/Foreign_trade_of_the...

    China gains entry to the WTO as most favoured nation in early 2000s. United States trade policy has varied widely through various American historical and industrial periods. As a major developed nation, the U.S. has relied heavily on the import of raw materials and the export of finished goods. Because of the significance for American economy ...

  8. Man accused of trying to smuggle meth-caked clothing on ...

    www.aol.com/man-accused-trying-smuggle-meth...

    CBP said a 29-year-old man was seeking entry into the U.S. from Mexico and had been selected for a secondary inspection. A watermelon was taken out of the man's truck for further examination, in ...

  9. Microeconomics - Wikipedia

    en.wikipedia.org/wiki/Microeconomics

    This includes raw materials, delivery costs and production supplies. Over a short time period (few months), most costs are fixed costs as the firm will have to pay for salaries, contracted shipment and materials used to produce various goods. Over a longer time period (2-3 years), costs can become variable.

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