Explain following Economics Terminology.

An amount of money payable to a beneficiary at regular intervals for a prescribed period of time out of a fund reserved for that purpose is known as annuity. 

An economic resource of entity (including money resources, physical resources, and intangible resources).

A point where the organization is in no gain and no loss states is called break even point. In business operation, the rate of operations output or sales at which income is equal to operation cost is known as break even point.

The non-human ingredients that contribute to the production of good and services, including land, raw and semi finished materials, tools building machinery and inventories.

A sunk cost is a cost that an entity has incurred and which it can no longer recover by any means. sunk cost should not be considered when making the decision to continue investing is an ongoing project, since we cannot recover the cost sunk cost ....

Annuity:

An amount of money payable to a beneficiary at regular intervals for a prescribed period of time out of a fund reserved for that purpose is known as annuity. 

Assets:

An economic resource of entity (including money resources, physical resources, and intangible resources).

Break even point:

A point where the organization is in no gain and no loss states is called break even point. In business operation, the rate of operations output or sales at which income is equal to operation cost is known as break even point.

Capital:

The non-human ingredients that contribute to the production of good and services, including land, raw and semi finished materials, tools building machinery and inventories.

sunk cast

A sunk cost is a cost that an entity has incurred and which it can no longer recover by any means. sunk cost should not be considered when making the decision to continue investing is an ongoing project, since we cannot recover the cost sunk cost includes marketing study, research and development, training, hiring bonus.

opportunity cost

The cost of an alternative that must be forgone in order to pursue a certain action. It can also be defied as the value of benefits sacrificed in selecting a course of action among alternatives.

Marginal cost

The cost associated with one additional unit of production, also called the incremental cost.