TITLE

Production theory basics

PUB. DATE
December 2011
SOURCE
Chemical Business;Dec2011, Vol. 25 Issue 12, p46
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the concept of production theory. Production pertains to the economic process of changing inputs into outputs. It was mentioned that production is assessed as a rate of output per period of time. The three aspects to production processes are the quantity of the good or service produced, the form of the good or service developed, the temporal and spatial distribution of the good or service produced.
ACCESSION #
71929944

 

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