Table of Contents
- 1 What are determinants of production function?
- 2 What are the four determinants of productivity?
- 3 What are the determinants of factor productivity?
- 4 What are the five factors of production?
- 5 What are the determinants of production capacity in economics?
- 6 Which is the most important determinant of productivity?
What are determinants of production function?
Production is the result of co-operation of four factors of production viz., land, labour, capital and organization. This is evident from the fact that no single commodity can be produced without the help of any one of these four factors of production.
What are the four determinants of productivity?
Physical capital, human capital, natural resources and technological knowledge are the four determinants of a country’s productivity.
What are the determinant of production and growth?
There are four major determinants of economic growth: human resources, natural resources, capital formation and technology, but the importance that researchers had given each determinant was always different.
What are the determinants of factor productivity?
The determinants of TFP employed in the study were FDI, R&D, export, import penetration ratio and total trade ratio to production. Empirical findings showed that neither growth of FDI nor R&D showed positive effect on TFP growth.
What are the five factors of production?
Terms in this set (5)
- Land. Land and other natural resources are used to make homes, cars and other products. (
- Labor. People have always been an important resource in producing goods and services, but many people are now being replaced by technology. (
- Capital.
- Entrepreneurship.
- Knowledge.
What are the three main factors of production?
Define the three factors of production—labor, capital, and natural resources. Explain the role of technology and entrepreneurs in the utilization of the economy’s factors of production.
What are the determinants of production capacity in economics?
The Determinants of Production Capacity: Resources and Technology This course examines macroeconomic performance in the short and long run based on the economy’s institutional and policy environment.
Which is the most important determinant of productivity?
There are four determinants of productivity: physical capital, human capital, natural resources, and technological knowledge. Physical capital describes the stock of equipment and structures that are used to produce goods and services. Human capital refers to the knowledge and skills that workers acquire through education, training, and experience.
Which is the most important determinant of supply?
Definition: Determinants of supply are factors that may cause changes in or affect the supply of a product in the market place. These factors include: 1. Production technology: an improvement of production technology increases the output.