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BAE 102 Lecture Seven Student Handout

Nonmaterialbuthasrealvaluesuchashealthcareoreducation

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Unformatted text preview: . __________________ ‐ refers to the stream of real products (consumer goods and investment goods)made by industrial capital. _________________ – the industrial output in the form of equipment or buildings for hospitals, schools, banks, and retail stores. __________________ ‐ nonmaterial but has real value, such as health care or education. _____________________ – tractors, barns, irrigation systems, harvesters, stock (cattle, sheep etc.) which produce agricultural output. _______________________ – mainly food and fiber (and soon energy ☺) ____________________ – Industrial output that takes the form of drills, oil wells, mining...
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