partenrship	a business owned by several people who share profits or losses
net present value(NPV)	the total of expected future cash flow, discounted to their present value-investment's initial cost
just in time/lean production/stockless production	production system in which a business only buys pieces and makes products when they are needed
lower of cost/market value	recording inventory at whichever is lower of historical cost or replacement cost
cost of capital	the price of borrowing money or raising funds
discounted cash flow	a calculation of the present value(money) to be received in the future taking into account the time
economies of scale	reduced production costs resulting from large-scale productions
infant industries	industries in an early stage of development which cannot yet survive foreign competition
labour	productive work, done for money
productivity	the amount of output produced per unit of an input
protectionism	restricting imports by way of trade barriers such as tariffs and quotas
tariffs	taxes or customs duties charged on imports
trade barriers	government palicies that limit international trade
comparative advantage	relative advantage in the production of particular goods over some other countries
dumping	selling goods in foreign markets at cost price orat a loss
charches	fees or expenses or costs
discount	a price below the face value
endorse	to acknowledge ownership of demand for payment and to guarantee to pay it