Introduction

Chapter
Part of the Springer Texts in Business and Economics book series (STBE)

Abstract

Generally speaking, production consists of the transformation of factors of production into products. The way in which the production is carried out – the production process – is outlined in Fig. 1.1.

Keywords

Productive Service Residual Income Economic Rent Christmas Tree Practical Planning 
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References

  1. Chambers, R. G. (1988). Applied production analysis: A dual approach. New York: Cambridge University Press.Google Scholar
  2. Gravelle, H., & Rees, R. (2004). Microeconomics (3rd ed.). Harlow: Pearson education.Google Scholar
  3. Rasmussen, S. (2011). Optimisation of production under uncertainty. The state-contingent approach (Springer Briefs in Economics). Heidelberg: Springer.CrossRefGoogle Scholar
  4. Reekie, W. D., & Crook, J. N. (1995). Managerial economics (4th ed.). Cambridge: Prentice Hall.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  1. 1.Department of Resource Economics and Food PolicyUniversity of CopenhagenFrederiksbergDenmark

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