Production Management
- 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 Machines In Industries
Modern age is Mechanical age. In fact Machinery began to dominate man-power in productive affairs after the industrialization. Especially the…
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Advantages And Disadvantages of Rationalisation In Business
Rationalisation In Business Rationalisation is an important feature of large scale production. It implies the elimination of all kinds of…
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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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Advantages And Disadvantages Of Small Scale Production
 Prior to Industrial Revolution, small scale production was prevalent in almost all countries. But later, large, scale production became a…
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Factors Affecting Efficiency Of Labor In Economics
Efficiency of labor plays an important role in the economic prosperity and progress of a country. They are also the…
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9 Special Characteristics Of Labour As A Factor Of Production
Labour is an important factor of production. In Economics, the term ‘Labour‘ is used for indicating any work, whether manual…
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Mobility Of Factors Of Production In Economics
Mobility Of Factors Of Production Factors of production are those means which help in the manufacture of goods and services.…
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Difference Between Land And Capital As Factors Of Production
Difference Between Land And Capital As Factors Of Production Land is the first and foremost factor or production. It is…
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