Factors of Production
- Economics
Cobb Douglas Production Function : Formula Importance Limitations
Cobb Douglas production function is an important function in managerial economics. It was explained by Prof. Cobb and Prof. Douglas. These…
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Production Function : Meaning, Characteristics And Formula
Production is a process involving the use of different physical inputs. In fact it is the result of the inputs.…
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Advantages And Disadvantages Of Localization Of Industries
As we know, several factors govern the location of an Industry. But we have to remember that these factors are…
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13 Factors Affecting Location Of Industries
The location of several firms producing a commodity in a particular place or region is known as localization or concentration…
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Diseconomies Of Scale : The Limit To The Expansion Of A Firm
A firm cannot enjoy economies of large scale production for ever. It has an ending point like every other things.…
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Types Of External Economies Of Scale Of Production
Large scale production has several economies. Professor Marshall classified economies of large scale production into two types, namely internal economies…
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Types Of Internal Economies Of Scale Of Production
Large scale production is the result of industrialization and modern technique of production. Large scale production has several economies. Professor…
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15 Roles And Functions Of An Entrepreneur In An Enterprise
Production process was very simple in olden days. A single person carried on all the activities relating to the production…
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Relationship Between Division Of Labor And Extent Of Market
Division of labor is a process in which the production of a commodity is divided into several stages and skilled…
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Effects Of Overpopulation And Under Population On Development
Effects Of Overpopulation And Under Population Economic development of a country depends to a great extent on the quantity and…
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