Skip to main content

Theory of Production : Meaning and Factors - CMA Foundation Video lecture


We are going to discuss Meaning and Factors of Production from Theory of Production in accordance with FEM (Fundamentals of Economics and Management) Paper 1, CMA Foundation. Theory of production, in economics, an attempt to clarify the principles by which a firm decides what proportion of every commodity that it sells (its “outputs” or “products”) it'll produce, and the way much of every quite labour, staple, fixed capital good, etc, that it employs (its “inputs” or “factors of production”) it'll use.

Theory of production, in financial aspects, a push to clarify the standards by which a business firm chooses the amount of every item that it sells it will deliver, and the amount of every sort of work, crude material, fixed capital great, and so forth, that it utilizes (its “inputs” or “factors of production”) it will utilize.  A production function relates to the physical output of a production process to physical inputs or factors of production. it's a function that relates the utmost amount of output that will be obtained from a given number of inputs – generally capital and labour. Browse the full video lecture to understand the concept of the Theory of Production - Meaning and Factors of Production

Takshila learning creates a module wherein it is easy to understand the concepts of the theory of production.

Here, at Takshila Learning, we offer CMA foundation study material,  CMA Foundation Online Classes via CMA Foundation Video Lectures and Online Tuition Classes from Preschool to Class 12, Online Classes for Professional Courses, i.e., CA Course / CS Online Classes / CMA online classes / ACCA IFRS.
Labels:

Comments

Post a Comment

Thank you we will contact ASAP.

Popular posts from this blog

Last Minute Tips to Crack SSC CGL 2019-20 (Tier-I) Exam

Last-Minute Tips to Crack SSC CGL 2019-20 (Tier-I) Exam 1. Don’t read any new topic at the last moment · Try to avoid studying any new topic at the last moment. Just revise what you have already studied. 2. Don’t forget your Admit Card, Photograph and ID Proof · Take a print out of your admit card and original photo identity proof, 1 photo and photocopy of the ID proof. Reach the examination center before time to avoid any last-minute trouble. 3. Maintain your Speed & Accuracy and Maximize your Score · Speed and Accuracy are two important factors to crack any competitive exam. Speed will help in maximizing the attempts while accuracy will ensure that you don’t end up losing marks as the negative marking of 0.5 marks for wrong answers is there. 4. Attempt according to the strategy you followed in the mock tests · Make sure you attempt the easier section first. The exam should be attempted with the same strategy you fol...
4 comments
Read more

Online cbse coaching class for 11 Mathematics

Online cbse Class 11 maths : Online coaching classes for 11 maths  and for other subjects. We are here to solve students problem instantly, So that they can improve himself/herself. One to One Correspondence and Equivalent Sets Suppose the members of the family are dinning and plates are prepared on the table then there is a One to one correspondence between the set of family members and the plates prepared. We will indicate this correspondence by the symbol If each element of a set A is associated with one and only one element of a set B and each element of B is associated with one and only one element of set A, then the sets A and B are said to be in one to one correspondence. If both the sets are finite and if they are in one to one correspondence, it is obvious that they have the same number of elements. If two sets have the same number of elements, they are said to be equivalent sets. Using symbol, we write A B. Between two equivalent sets, a one to one corr...
Post a Comment
Read more

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material  Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne...
Post a Comment
Read more