Newark Liberty International Airport (IATA: EWR, ICAO: KEWR), formerly known as Newark International Airport, is an international airport within the city limits of both Newark and Elizabeth, New Jersey, United States. It is about 15 miles (24km) south west of Midtown Manhattan.
Dealing with finances is a key element of home economics. Understanding concepts such as debt, credit, loaning, interest rates and so on are important to having a healthy economic home. Life skills such as making a budget, keeping financial records and making frugal purchasing choices are all part of this subject area.
The economic theory of marginal productivity and income is a key concept for understanding the marginal resource cost of labor. This theory states that companies will continue to add labor resources in small increments as long as there is an equal increase in profit in the companyâs marginal revenue product output.