|
|
Production Cost Advantage |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Production Cost AdvantageA source of competitive advantage that depends on producing some product or service at the lowest cost.Production Cost Advantage Similar MatchesProduction possibilities scheduleProduction possibilities scheduleThe maximum amount of goods (i.e., food and clothing) that a country is able to produce given its labor supply. Production flow commitmentProduction flow commitmentAn agreement by the loan purchaser to allow a monthly loan quota to be delivered in batches. Edgeworth Production BoxEdgeworth Production BoxA variation of the consumption Edgeworth Box that instead represents the allocations of 2 factors to 2 industries for use in production functions. Efficient allocations now appear as tangencies between isoquants, while the contract curve becomes the efficiency locus. Production workerProduction workerA worker directly engaged in production. In empirical studies of skilled and unskilled labor, data on production workers are often taken to represent unskilled labor. Production rateProduction rateThe coupon rate at which a pass-through security guaranteed by Ginnie Mae is issued. Further SuggestionsNonproduction workerNeighborhood production structure Multistage production Production externality Current production rate Neoclassical production function Production possibility frontier Factor of production Industrial production Production possibility curve Production function |
|
|
|