A firm that has a legal existence separate from that of the owners.
state-owned enterprise
A flrm that is owned by the government. In Canada, these are called
Crown corporations.
non-profit organizations
Firms that provide goods and services with the objective of just covering
their costs. These are often called NGOs, for non-governmental
organizations.
multinational enterprises (MNEs)
Firms that have operations in more than one country.
dividends
Profits paid out to shareholders of a corporation.
bond
A debt instrument carrying a specified amount, a schedule of interest
payments, and (usually) a date for redemption of its face value.
intermediate products
All outputs that are used as inputs by other producers in a further stage of
production.
production function
A functional relation showing the maximum output that can be produced