consumer goods production
41Coconut production in the Philippines — A coconut tree in Boracay Coconut production plays an important role in the national economy of the Philippines. According to figures published in December 2009 by the Food and Agriculture Organization of the United Nations, it is the world s… …
42Novosibirsk Aircraft Production Association — named after V.P. Chkalov (NAPO) is one of the largest aircraft production companies in Russia. The company produces Su 34 fighter bombers and An 38 120 regional passenger aircraft. It is also involved in the Sukhoi Superjet 100 program, where it… …
43capital goods — n. commodities for use in production, as raw materials, machinery, buildings, etc.; producer goods as distinguished from consumer goods …
44capital goods — Econ. machines and tools used in the production of other goods (contrasted with consumer goods). [1895 1900] * * * …
45mass production — the production or manufacture of goods in large quantities, esp. by machinery. [1915 20] * * * Application of the principles of specialization, division of labour, and standardization of parts to the manufacturing of goods on a large scale.… …
46Factors of production — In economics, factors of production means inputs and finished goods means output. Input determines the quantity of output i.e. output depends upon input. Input is the starting point and output is the end point of production process and such input …
47Prices of production — refers to a concept in Karl Marx s critique of political economy. It is introduced in the third volume of Das Kapital, where Marx considers the operation of capitalist production as the unity of a production process and a circulation process… …
48Cobb–Douglas production function — A two input Cobb–Douglas production function In economics, the Cobb–Douglas f form of production functions is widely used to represent the relationship of an output to inputs. Similar functions were originally used by Knut Wicksell (1851–1926),… …
49Household production function — Consumers often choose not directly from the commodities that they purchase but from commodities they transform into goods through a household production function. It is these goods that they value. The idea was originally proposed by Gary Becker …
50Cost-of-production theory of value — In economics, the cost of production theory of value is the theory that the price of an object or condition is determined by the sum of the cost of the resources that went into making it. The cost can compose any of the factors of production… …
