Search results
Results from the WOW.Com Content Network
In other words, returns to scale analysis is a long-term theory because a company can only change the scale of production in the long run by changing factors of production, such as building new facilities, investing in new machinery, or improving technology. There are three possible types of returns to scale:
GCSE Bitesize was launched in January 1998, covering seven subjects. For each subject, a one- or two-hour long TV programme would be broadcast overnight in the BBC Learning Zone block, and supporting material was available in books and on the BBC website. At the time, only around 9% of UK households had access to the internet at home.
BBC Online, formerly known as BBCi, is the BBC's online service. It is a large network of websites including such high-profile sites as BBC News and Sport, the on-demand video and radio services branded BBC iPlayer and BBC Sounds, the children's sites CBBC and CBeebies, and learning services such as Bitesize and Own It.
Karl Marx outlined the inherent tendency of capitalism towards overproduction in his seminal work Das Kapital.. According to Marx, in capitalism, improvements in technology and rising levels of productivity increase the amount of material wealth (or use values) in society while simultaneously diminishing the economic value of this wealth, thereby lowering the rate of profit—a tendency that ...
In economics, the Hicks–Marshall laws of derived demand assert that, other things equal, the own-wage elasticity of demand for a category of labor is high under the following conditions: When the price elasticity of demand for the product being produced is high (scale effect). So when final product demand is elastic, an increase in wages will ...
If the inputs are indivisible and complementary, a small scale may be subject to idle times or to the underutilization of the productive capacity of some sub-processes. A higher production scale can make the different production capacities compatible. The reduction in machinery idle times is crucial in the case of a high cost of machinery. [10]
The AIDS model gives an arbitrary second-order approximation to any demand system and has many desirable qualities of demand systems. For instance it satisfies the axioms of order , aggregates over consumers without invoking parallel linear Engel curves , is consistent with budget constraints, and is simple to estimate.
BBC Two was the first channel to be transmitted on 625 lines, in 1964. It then carried a small-scale regular colour service from 1967. BBC One followed in November 1969. Weekly reach of the BBC's domestic television channels 2011–12 [159] A new Scottish Gaelic television channel, BBC Alba, was launched in September 2008. It is also the first ...