PRODUCTION FUNCTION AND INTERCONNECTION OF PRODUCTION FACTORS
Abstract
The paper considers an interconnection between used factors, production process and product output under conditions of market economy. The possibilities concerning replacement of one production factor by the other one are analyzed in the paper. The paper determines justification limits of such replacement and emphasizes a fundamental importance of a number of aspects that are to be taken into consideration while inter-replacing production factors.
References
1. Макконнелл, К. Экономикс / К. Макконнелл, С. Брю. – М., 1992.–Т. 1.
2. Современная экономика / под ред. О. Ю. Мамедова. – Ростов на/Д. : Феникс, 1995.
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Review
For citations:
Kazhuro N.Y. PRODUCTION FUNCTION AND INTERCONNECTION OF PRODUCTION FACTORS. Science & Technique. 2010;(2):67-72. (In Russ.)
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