production of commodities

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• Production — Pro*duc tion, n. [L. productio a lengthening, prolonging: cf. F. production. See {Produce}. ] [1913 Webster] 1. The act or process or producing, bringing forth, or exhibiting to view; as, the production of commodities, of a witness. [1913… …   The Collaborative International Dictionary of English

• 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

• production — In the context of project financing, a defined portion of the proceeds of production up to a dollar amount. Bloomberg Financial Dictionary * * * production pro‧duc‧tion [prəˈdʌkʆn] noun 1. [uncountable] MANUFACTURING the process of making or… …   Financial and business terms

• Production–possibility frontier — In economics, a production–possibility frontier (PPF), sometimes called a production–possibility curve or product transformation curve, is a graph that compares the production rates of two commodities that use the same fixed total of the factors… …   Wikipedia

• Production Credit Association - PCA — A federal instrumentality created by Congress through the Farm Credit Act of 1933 to provide short and intermediate term credit to farmers, ranchers and rural residents. The credit was extended so the recipients could purchase housing, perform… …   Investment dictionary

• Prices of production — refers to a concept in Karl Marx s critique of political economy. It is introduced in the third volume of Das Kapital, where Marx considers the operation of capitalist production as the unity of a production process and a circulation process… …   Wikipedia

• Commodity production — is the production of wares for sale. It is a type of production in which products are produced not for direct consumption by the producers, as in subsistence production, but are surplus to their own requirements and are produced instead… …   Wikipedia

• simple commodity production — This is a deductive Marxist concept which describes the production of commodities without surplus value: that is, without wage labour and capitalist profit. The definition is similar if not synonymous with petty commodity production , although… …   Dictionary of sociology

• Capitalist mode of production — In Marxian economic discourse the capitalist mode of production refers to the socio economic base of capitalist society which began to grow rapidly in Western Europe from the end of the eighteenth century, and later extended to most of the world …   Wikipedia

• Simple commodity production — (also known as petty commodity production ; the German original word is einfache Warenproduktion ) is a term coined by Frederick Engels to describe productive activities under the conditions of what Marx had called the simple exchange of… …   Wikipedia

• Factors of production — In economics, factors of production means inputs and finished goods means output. Input determines the quantity of output i.e. output depends upon input. Input is the starting point and output is the end point of production process and such input …   Wikipedia