In economics, an important concept called "the upward demand for factors of production" refers to the relationship between the prices of factors of production, such as labor, capital, and natural resources, and the level of factor prices. Factors such as production levels, output prices, prices...

Most individuals at one time or another purchase and trade in an automobile. The automobile dealer and the buyer typically discuss what the trade-in value of the old car is. Also, they may talk about what the trade-in value of the new car will be in several years. In both cases a decline in...

The purpose of this article is to find out what Net Realizable Value is. This article will also discuss LCNRV or Lower of Cost and Net Realizable Value, how to calculate NRV& LCNRV, and What Factors Affect an NRV