Capital Goods: Definition and Examples
This article explains how strategic investment in essential assets, known as capital goods, drives a company’s innovation, production capacity, and competitive... Read more.
Intermediate Goods: Definition and Examples – Economy Lesson
Every product in our daily lives, from a simple loaf of bread to a complex smartphone, begins its journey as a collection of smaller, often invisible, components.... Read more.
Consumer goods: Definition and Examples – Economy Lesson
Consumer goods represent more than just items on a store shelf—they shape economies, influence trade dynamics, and drive consumer behavior. According to World... Read more.
Informal Economy: Definition and Examples
The IE (also called shadow economy) includes off-the-books jobs and businesses that avoid taxes, licenses, and government rules. This hurts... Read more.
Economic Activities: Definition, Types and Examples
Economic activities (EAs) keep nations alive—tracking trade flow and GDP growth. In Colombia, a diverse, vibrant country, EAs mix with daily life and culture,... Read more.