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Economic globalization and ecological globalization follow new ways of conditioning each other. In the past the most important thing was the impact of the ecological pressure - soil deterioration, water system, the atmosphere and the forests - upon economical perspectives. In the recent past...
Persistent link: https://www.econbiz.de/10012719865
A reasonable relationship between the level of outputs and the consumption of resources may be provided by the optimization of each production mean provided in the technology. To this purpose, we resort to the most adequate production forces
Persistent link: https://www.econbiz.de/10012719870
The production function term was defined for the first time in 1894, by P. Wicksteed, in his work An essay on the Coordinations of the Laws of Distribution, published in London. For calculation, three decades later, Cobb and Douglas used the model Y = A(K,N), considering Y - the output of the...
Persistent link: https://www.econbiz.de/10012719873