Home >  Term: production function
production function

A statistically estimated function that relates the output of a production system (e.g., rice) to the inputs used in its production (e.g., labor, capital, fertilizer, pesticides).

0 0

Penulis

  • D.Herbert
  •  (Gold) 2651 poin
  • 100% positive feedback
© 2024 CSOFT International, Ltd.