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Production Cost Advantage |
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Production Cost AdvantageA source of competitive advantage that depends on producing some product or service at the lowest cost.Production Cost Advantage Similar MatchesProduction possibility frontierProduction possibility frontierA diagram showing the maximum output possible for one good for various outputs of another (or several others), given technology and factor endowments. Also called a transformation curve or production possibility curve. Current production rateCurrent production rateThe highest interest rate permissible on current Government National Mortgage Association, mortgage-backed securities. Production possibilities scheduleProduction possibilities scheduleThe maximum amount of goods (i.e., food and clothing) that a country is able to produce given its labor supply. Nonproduction workerNonproduction workerA worker not directly engaged in production. In empirical studies of skilled and unskilled labor, data on nonproduction workers are often taken to represent skilled labor. 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. Further SuggestionsProduction flow commitmentProduction function Neighborhood production structure Edgeworth Production Box Industrial production Neoclassical production function Production rate Production externality Multistage production Factor of production Production possibility curve |
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