Capital refers to the financial assets or their financial value, as well as tangible factors of production used to create value. It is a significant part of the assets owned by an entity and is used to fund long-term operations and investments.
Effective demand refers to the actual demand for a product or service that is backed by the ability and intention of consumers to pay for it at the prevailing price.
Entrepreneurial Profit is the compensation for the expertise and successful effort of a skilled businessperson, as calculated in both accounting and economics.
A Seller’s Market refers to economic conditions where demand exceeds supply, allowing sellers to have more negotiating power and often leading to increasing prices and market activity.
