inventory: stock of goods held by a business.
investment: placing of money so that it will increase in
value or to purchase real capital (equipment, new tools,
industrial buildings) to be used in the production of goods and
services.
investment bankers: companies that help other
companies raise capital through the sale of new stock and
bonds.
issue: to officially produce something such as new
stamps, coins, or shares and make them available for people to
buy.
J job discrimination: practice of favoring one group over
another in hiring, salary or promotion for reasons that have
nothing to do with ability.
L L: the broadest definition of the U.S. money supply.
Includes everything found in the other definitions (see Ml, M2 and M3) plus U.S. savings bonds, Treasury bills, and other
credit instruments.
labor force: consists of all those people 16 years of age
or older who are currently employed or are looking fo'r a job.
labor unions: associations of workers formed to promote
the interests of their members.
296
labor: the human effort required to produce goods and serv-
ices.
laborer: generally refers to unskilled workers, such as freight
handlers, sweepers, trash collectors and the like.
