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  4. Terms Beginning With P
  5. Production Function

Production Function

Definition of 'Production Function'

The Production Function specifies the maximum output that can be produced from any given amount of inputs.

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Related Terms

Saving FunctionOverhead CostsCentral Securities Depository (CSD)Conservative Social Welfare FunctionFrequency FunctionVariable Factor of ProductionAdjustment ProgrammeAgricultural ProtectionAverage CostBusiness CycleComparative AdvantageConcentric AcquisitionDerived DemandEntrepreneurExpansion CapitalExternalityFactor of ProductionFixed Factor of ProductionForeign Direct InvestmentGross Investment

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