production of consumer goods
41producer goods — noun plural : goods (as tools and raw material) that are factors in the production of other goods and that satisfy wants only indirectly called also auxiliary goods, instrumental goods, intermediate goods; compare consumer goods * * * Econ. goods …
42Prices 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… …
43Cobb–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),… …
44Capitalist mode of production — In Marxian economic discourse the capitalist mode of production refers to the socio economic base of capitalist society which began to grow rapidly in Western Europe from the end of the eighteenth century, and later extended to most of the world …
45Capital Goods — 1. Any tangible assets that an organization uses to produce goods or services such as office buildings, equipment and machinery. Consumer goods are the end result of this production process. 2. The sector of the economy that includes capital… …
46Coconut 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… …
47producers' goods — producer goods or producers’ goods plural noun Goods, such as raw materials and tools, used in the production of consumer(s’) goods • • • Main Entry: ↑produce …
48capital goods — n. commodities for use in production, as raw materials, machinery, buildings, etc.; producer goods as distinguished from consumer goods …
49producers’ goods — plural noun Goods, such as raw materials and tools, used in the production of consumer(s’) goods ● produce …
50capital goods — Econ. machines and tools used in the production of other goods (contrasted with consumer goods). [1895 1900] * * * …
