EFFICIENCY: Emphasis on the optimal use of resources, and good use of it.
EFFECTIVENESS: It materializes in obtaining results, the use of time .
EFFECTIVENESS: Acquired by balancing production and production capacity .
ECONOMIC ACTIVITY: The process where you purchase products , goods and services that meet our needs or gains .
EXPANSION: Increased production of a thing for it to reach a number of people .
RESECTION: Is the general decline in economic activity of a country or region.
INVISIBLE HAND: In economics expresses the self-regulating capacity of free trade.
DEPRESSION: Consists of a large decrease in the production or consumption , accompanied by high unemployment rates bankruptcies .
MICROECONOMICS: Study the economic behavior of individual economic agents such as consumers , business, workers , investors and markets .
MACROECONOMICS: The study of the economy by analyzing the economic variables aggregators as the total amount of goods and services produced.
INCOME: Increased income wealth all natural or legal person perceives and you can consume without diminishing its assets.
STATUS: Refers to a form of social, economic , political sovereignty , consisting of a set of non-voluntary institutions , which has the power to regulate national life in a given territory .
NOW: It is an organization, institution or industry, dedicated to pursuing activities or economic or commercial purposes, to meet the needs of goods or services of the plaintiffs.
PRICE: payment or reward is assigned to the production of a good or service or , more generally , any commodity .
TRM: The rate of market exchange is the amount of Colombian pesos for a dollar of the United States.
ECONOMIC MODELS: That is, what is expected to result in a process under ideal conditions.
OFFER: Defined as the amount of goods or services that producers are willing to supply at different prices and conditions.
REQUEST: It is defined as the quantity and quality of goods and services that can be purchased in different market prices for a consumer or the consumer group at a particular time.
FIXED COSTS: Are those costs that are not sensitive to small changes in the activity levels of a company, but remain invariant to these changes .
VARIABLE COSTS: Refers to production costs that vary depending on the level of production.