Production functionA function that specifies the output in an industry for all combinations of inputs.
Industrial productionIndustrial production
A statistic determined by the Federal Reserve Board focusing on the total output of all US factories and mines on a monthly basis. Used as an economic indicator.
Factor of productionFactor of production
Factor (definition 1).
Production flow commitmentProduction flow commitment
An agreement by the loan purchaser to allow a monthly loan quota to be delivered in batches.
Neoclassical production functionNeoclassical production function
A production function with the properties of constant returns to scale and smoothly diminishing returns to individual factors.
Production workerProduction worker
A 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 possibilities schedule
Production possibility curve
Production Cost Advantage
Edgeworth Production Box
Current production rate
Neighborhood production structure
Production possibility frontier