Aggregate production function

From CNM Wiki
Revision as of 00:57, 31 May 2020 by Kevmwangi (talk | contribs) (Created page with "Aggregate production function is the process of an economy as a whole turning economic input like labor, machinery, and raw material into output like goods and services us...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Aggregate production function is the process of an economy as a whole turning economic input like labor, machinery, and raw material into output like goods and services used by consumer.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition), Aggregate production function. The process of an economy as a whole turning economic input like labor, machinery, and raw material into output like goods and services used by consumer.