Production economics

Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in several stages, and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies may experience business cycles of economic expansion followed by recessions.

planned economic activity of creating or transforming goods or services

reference to physical, non-human inputs used in production to produce wealth

Synergy is the concept that a combined effect of two or more entities is greater than the sum of their individual effects. The term synergy comes from the Attic Greek word συνεργία ' from ', , meaning "working together". Synergy is similar in concept to emergence.

business expenses that are not dependent on the level of goods or services produced by the business

thumb|Henry Ford, after whom Fordism is named Fordism is an industrial engineering and manufacturing system that serves as the basis of modern social and labor-economic systems that support industrialized, standardized mass production and mass consumption. The concept is named after Henry Ford. It is used in social, economic, and management theory about production, working conditions, consumption, and related phenomena, especially regarding the 20th century. It describes an ideology of advanced capitalism centered around the American socioeconomic systems in place in the post-war economic boom

the cost advantages that enterprises obtain due to size, throughput, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output

graphical representation of all efficient combinations of goods quantities

costs that change in proportion to the good or service that a business produces

additional factor of production resulting in smaller increase in output

Marxist term for way of producing goods

good used as input by a process of production

physical output of a production process to physical inputs or factors of production

cost incurred in making an economic exchange

rate that a company is expected to pay on average to all its security holders to finance its assets; firm’s cost of capital

macroeconomic formula that describes productivity

computer network organization model

what happens as the scale of production increases in the long run, when all input levels (e.g. physical capital usage) are variable (chosen by the firm)

area of management concerned with designing and controlling the process of production and redesigning business operations

production planning, scheduling, and inventory control system

An isoquant (derived from quantity and the Greek word ', , meaning "equal"), also known as iso-product curve or equal product curve''' in microeconomics, is a contour line drawn through the set of points at which the same quantity of output is produced while changing the quantities of two or more inputs. The x and y axis on an isoquant represent two relevant inputs, which are usually a factor of production such as labour, capital, land, or organisation.

(in economics) comprises all naturally occurring resources whose supply is inherently fixed

bottleneck variable limiting the evolution of a system

rise of salaries in jobs that have seen little rise of productivity

set of constraints conceptualised as a border

change in output resulting from employing one more unit of a particular input, keeping other input quantities constant

efficiencies formed by variety of products or services offered

approach of price maximisation

mechanisms that cause larger firms and governments to produce goods and services at increased per-unit costs

economy with one consumer, one producer and two goods

material management supply chain

costs that are not directly accountable to a cost object

macroeconomic quantity; the ratio of aggregate output to aggregate inputs

concept in economics

benefit distributed to the owner of a factor of production

nonparametric method in operations research and econometrics

delegation of different tasks between males and females

finding that costs decrease in fixed proportion to production quantity and experience

economic term

Function in economics

production of goods and services that relies on self-organizing communities of individuals

attempt to change a pre-existing ad hoc workflow into one based on a published rules set

concept in economics

Marxist theory

slope of the isoquant; amount by which the quantity of one input has to be reduced when one extra unit of another input is used, so that output remains constant

situation in which an economy cannot produce more of one good without sacrificing the production of another

theorem in mathematics and economics

situation in which the quantity of a good or service supplied is more than the quantity demanded

integrated business management process

Major share in Cost of a Product

theoretical concept and policy movement

Wikimedia list article

learning through practice, self-perfection and minor innovations

location modified to allow easy production of motion pictures

the process of arranging, controlling and optimizing work and workloads in a production process or manufacturing process; is used to allocate plant and machinery resources, plan human resources, plan production processes and purchase materials

book

method of profit maximization

non-fiction work by Paul A. Samuelson