Economics

This article discribe about Productivity Improving Technologies, which is increased by lowering the amount of labor, capital, energy or materials that go into producing economic…

Productive Forces are both means of production, such as machines, etc, goods and raw materials, and workers who operate the means of production and enter…

Production Theory involves some of the most fundamental principles of economics. It defines the relationships between the prices of the commodities and productive factors on…

This article talks about Mass Production, which refers to the process of creating large numbers of similar products efficiently. It is the manufacture of large…

Production Function for a business typically focuses on the physical and so does not take into account non physical aspects of production like prices. It…

Net Output is calculated as the difference between the gross product of construction on the one hand and the material costs of construction and the…

Value Product includes cost and a subjective part associated with cost. It can be expressed in units of currency if the subjective part of it…

Gross Output differs from value added, which measures the contribution of the industry’s labor and capital to its gross output. It is an economic concept…

Transportation Demand Management (TDM) designed to reduce total travel demand, while others are designed to reduce peak period demand, which may disproportionately contribute to these…

Congestion Pricing is supposed to encourage users who can be flexible in their usage times to shift their use away from peak periods to times…

Unit Price used to find the cost of a single item when many items are purchased together. It is the cost of one unit of…

Target Costing is most applicable to companies that compete by continually issuing a stream of new or upgraded products into the marketplace. It is a…