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Product cycle |
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Product cycleThe life cycle of a new product, which first can be produced only in the country where it was developed, then as it becomes standardized and more familiar, can be produced in other countries and exported back to where it started. Due to Vernon (1966).Product cycleThe time it takes to bring new and/or improved products to market.Product cycle Similar MatchesNeoclassical production functionNeoclassical production functionA production function with the properties of constant returns to scale and smoothly diminishing returns to individual factors. Current production rateCurrent production rateThe highest interest rate permissible on current Government National Mortgage Association, mortgage-backed securities. Productivity of laborProductivity of laborSee labor productivity. Gross national productGross national productThe total value of new goods and services produced in a given year by a country's domestically owned factors of production, regardless of where. It is "gross" in the sense that it does not deduct depreciation of previously produced capital, in contrast to NNP. Digital ProductsDigital ProductsDigital products are intangible products that can be transferred over a digital network. They have zero copy costs, and users can make perfect copies. The cost structure of digital products (high fixed costs that are sunk, and tending towards zero marginal costs) in conjunction with the above features changes the economics of digital products vs. traditional goods. Further SuggestionsProduction externalityProduct Differentiation Marginal product gross domestic product Factor of production Production flow commitment Intra-product specialization Production possibility curve Primary product Homogeneous product Production possibility frontier gross national product Production Cost Advantage Middle product Production function protected investment products Net national product Product risk Value marginal product Multistage production Differentiated product Gross domestic product (GDP) Investment product line (IPL) Production possibilities schedule Edgeworth Production Box |
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