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What activities are required to convert production inputs to output?
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Classification of inputs in economics?
-these are inputs that do not change with the volume of production.This means, wheter you produce or not, these factors of production are unchanged. -these inputs change in accordance with the volume of production. NO production means NO variable inputs, while more production means more variable inputs. -sage- :P e-add: sage.ronquillo@yahoo.com
Man is the most important factor of production. discuss?
Factors of production refers to the inputs of the production process.
Firms purchase inputs for production from households in the .?
hahahaha
A production possibilities frontier is a simple model of?
inputs and outputs
Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Classification of inputs in economics?
-these are inputs that do not change with the volume of production.This means, wheter you produce or not, these factors of production are unchanged. -these inputs change in accordance with the volume of production. NO production means NO variable inputs, while more production means more variable inputs. -sage- :P e-add: sage.ronquillo@yahoo.com
Difference between Operations management and production management?
production management is concerned with those process which convert the inputs into outputs. The inputs are various resources like- raw material ,men,machines,methods etc. & the outputs are good and services.. IN other side, operations management refers to the systematic design, direction and control of processes that transform inputs into services and products for internal as well as external use.
Man is the most important factor of production. discuss?
Factors of production refers to the inputs of the production process.
What is a input economy?
An economy that speciallizes in the production of inputs
Firms purchase inputs for production from households in the .?
hahahaha
What is production concept?
Using different types of inputs to make an output is production. e.g. a firm production wheat. thus production refers to the transformation of inputs or resources into outputs of goods and securities ( education, medicine, banking, communication, transportation)
1 The process of transforming inputs into outputs is called?
production
Production function relates to?
physical inputs to physical outputs
A production possibilities frontier is a simple model of?
inputs and outputs
Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Is company stocks a factor of production?
No, company stocks represent ownership in a firm, usually, and are not inputs in production.
What term is sometimes used to refer to factors of production?
productive inputs
