Agribusiness and Financial Concepts

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Agribusiness input sector

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Sector dealing with inputs required for agricultural production.

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Agribusiness output sector

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Sector focused on processing and distributing agricultural products.

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Agribusiness services

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Services supporting agricultural businesses, such as consulting or logistics.

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Scarcity

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The limited availability of resources to meet unlimited wants.

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Products

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Tangible items produced to satisfy consumer needs or wants.

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Services

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Intangible activities provided to meet consumer needs or wants.

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Needs

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Essential items required for survival or basic functioning.

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Wants

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Non-essential items desired for comfort or luxury.

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Accounts payable

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Money owed by a business to its suppliers or creditors.

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Operating loan

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Short-term loan used to cover day-to-day business expenses.