After reading this article you will learn about:- 1. Role of Managing Agents in the Promotion of Industries 2. Defects in the Promotion of Industries in India 3. Regulation of Promotion Role of Managing Agents in the Promotion of Industries: Promotion of industries in India was started by the British businessmen who realised the importance of the vast resources and [...]
After reading this article you will learn about the equation for production function. Production function is concerned with the creation of a product. It establishes the relationship between the quantity of output furnished or given out by a productive process and the quantities of different inputs used in that process. Algebraically a production function can be written as: y = [...]
This article throws light upon the four main considerations to be kept in mind for increasing the productivity of resources. The considerations are: 1. Material 2. Labour 3. Plant, Equipment and Machinery 4. Land and Buildings. Consideration # 1. Material: Industries in which the cost of raw material is a big percentage of the cost of finished goods, higher productivity [...]