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diversification (D2, G1, LO)<br />1 The production of a range of products by a firm.<br /> 2 The establishment of several industries in a region or a country.<br /> 3 The spreading of investments over a range of assets with different degrees of risk.
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rentier (D3)<br />A person whose income is entirely derived from the ownership of FINANCIAL CAPITAL or other property. KEYNES in his GENERAL THEORY forecast the disappearance of this class of persons through an abundance of capital reducing its return to zero.
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Marshallian short period (D2)<br />The period of time in which output can only be increased by using existing factor supplies more intensively.
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Hybrid Mode
