principal: the amount borrowed.
private property: basic right of the free enterprise
system that guarantees the individual's right to own, use,
and dispose of things of value.
pro forma income statement: a statement of revenue
and expenses that includes some hypothetical values. It shows
what could be expected to happen if a corporation decided to
go through with a takeover, for example.
producer co-ops: manufacturers and marketers of
products on behalf of their members.
product: the good or service one receives in an exchange.
product differentiation:
process
of
creating
uniqueness in a product.
product labeling: attaching to a product statements
identifying its contents and use.
production-possibilities curve: a curve showing the
possi-b.le combinations of total output that could be
produced if a nation's resources were fully employed.
