Philosophy Dictionary of ArgumentsHome
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| Production theory: Production theory in economics examines the processes and principles behind transforming inputs (like labor, capital, and resources) into outputs (goods or services). It explores factors influencing production efficiency, optimal resource allocation, technology's impact on output, and the relationships between inputs and outputs within various production frameworks, guiding decision-making for firms and industries._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Economic Theories on Production Theory - Dictionary of Arguments
Mause I 220f Production Theory/Economic Theories: Terminology: Def Production potential: describes the output level that can be achieved with maximum utilization of production factors. Since this quantity is difficult to determine, there is an area of uncertainty. Def equilibrium growth path/steady state-path/growth trend: characterizes the development at normal capacity utilization. This equilibrium path is characterized as production potential. Actual development: of gross domestic product: fluctuates around the steady state-path. Def Output gap: deviations from the equilibrium growth path. Negative output gap: called Okun Gap. >Equilibrium, >Equilibrium theory._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Economic Theories Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Economic Theories
> Counter arguments in relation to Production Theory
Ed. Martin Schulz, access date 2024-04-28