product cost function
121Labour economics — seeks to understand the functioning of the market and dynamics for labour. Labour markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers), the demanders of labour… …
122Productivity — in economics refers to measures of output from production processes, per unit of input. Labor productivity, for example, is typically measured as a ratio of output per labor hour, an input. Productivity may be conceived of as a measure of the… …
123Software quality — Contents 1 Motivation for Defining Software Quality 2 Definition 3 Alternative Approaches to Software Quality Defin …
124Prices 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… …
125automation — /aw teuh may sheuhn/, n. 1. the technique, method, or system of operating or controlling a process by highly automatic means, as by electronic devices, reducing human intervention to a minimum. 2. a mechanical device, operated electronically,… …
126mass 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.… …
127Micro Instrumentation and Telemetry Systems — MITS logo used from 1972 to 1975. Micro Instrumentation and Telemetry Systems (MITS) was an American electronics company founded in Albuquerque, New Mexico that began manufacturing electronic calculators in 1971 and personal computers in 1975.[1] …
128Media and Publishing — ▪ 2007 Introduction The Frankfurt Book Fair enjoyed a record number of exhibitors, and the distribution of free newspapers surged. TV broadcasters experimented with ways of engaging their audience via the Internet; mobile TV grew; magazine… …
