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maximization of profits

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  • Profit maximization — In economics, profit maximization is the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue total cost method relies on the fact that… …   Wikipedia

  • maximize — UK [ˈmæksɪmaɪz] / US [ˈmæksɪˌmaɪz] verb [transitive] Word forms maximize : present tense I/you/we/they maximize he/she/it maximizes present participle maximizing past tense maximized past participle maximized to make something as large as… …   English dictionary

  • Transformation of culture — Transformation of culture, or cultural change, to the dynamic process whereby the living cultures of the world are changing and adapting to external or internal forces. This process is occurring within Western culture as well as non Western and… …   Wikipedia

  • maximize — max|i|mize [ mæksı,maız ] verb transitive to make something as large as possible: We aim to maximize profits over the next year. We suggest you maximize the screen before completing the application form. ─ opposite MINIMIZE ╾ max|i|mi|za|tion [… …   Usage of the words and phrases in modern English

  • LIBERMAN, YEVSEY GRIGORYEVICH — (1897–1983), Soviet economist. Liberman studied at the Kharkov Engineering Economics Institute and began his teaching and research career in 1933. From 1947 to 1963 he held the chair of economics and organization of machine building industry at… …   Encyclopedia of Judaism

  • Death march (project management) — This article is about the use of the term in project management (originally and especially in software development). For real death marches, see death march. In project management, a death march is any of several types of pathologic projects… …   Wikipedia

  • Profit (economics) — In economics, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs (both explicit and implicit) of a venture to an entrepreneur or investor, whilst economic profit (also abnormal, pure,… …   Wikipedia

  • production, theory of — ▪ economics Introduction       in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw… …   Universalium

  • Neoclassical economics — Economics …   Wikipedia

  • Business ethics — For the episode from the American television series The Office, see Business Ethics (The Office). Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical… …   Wikipedia

  • Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics …   Wikipedia

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