Breadcrumbs Section. Click here to navigate to respective pages.
Chapter
Chapter
The Stationary Economy there were no man-made instruments of the input in terms of the output differs from the The Stationary Economy we spoke of input programmes, output flexibility may exist in the very carefully so as to very specialized
DOI link for The Stationary Economy there were no man-made instruments of the input in terms of the output differs from the The Stationary Economy we spoke of input programmes, output flexibility may exist in the very carefully so as to very specialized
The Stationary Economy there were no man-made instruments of the input in terms of the output differs from the The Stationary Economy we spoke of input programmes, output flexibility may exist in the very carefully so as to very specialized
production among the inputs or the outputs; now there are. Other- wise the principles of profit maximization are the same: industries which are showing a profit will be expanded and those which are showing a loss will be contracted; within any industry one input consume a fixed amount of raw material per day. Here there is no possibility of substitution between labour and machine or raw material and machine. But it may be possible, when the time comes, to replace the machine with a different machine which is itself more expensive, but which uses less labour and/or less raw material input
Edition 1st Edition
First Published 1968
Imprint Routledge
Pages 1
eBook ISBN 9780203106594