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In microeconomics, value added may be defined as the market value of aggregate output of a transformation process, minus the market value of aggregate input (or aggregate inputs) of a transformation process. One may describe value added with the help of Ulbo de Sitter's design theory for production synergies. He divides transformation processes ...
Valorisation of capital is for Marx not at all the same as the "realisation of capital". Value may be added in the production process, but this additional value may not be realised as an additional sum of money, unless the outputs are sold at a favourable price. At an unfavourable price, output is sold without increasing capital assets.
Google Translate is a multilingual neural machine translation service developed by Google to translate text, documents and websites from one language into another. It offers a website interface, a mobile app for Android and iOS, as well as an API that helps developers build browser extensions and software applications. [3]
From an end-customer's point of view, value-added work is any activity that produces goods or provides a service for which a customer is willing to pay; muda is any constraint or impediment that causes waste to occur. [3] There are two types of muda: [4] Muda type I: non value-adding, but necessary for end-customers. These are usually harder to ...
Then, eventually, the former barbarians will be conquered by a new set of barbarians, who will repeat the process. Georgetown University Professor Ibrahim Oweiss, an economist and historian, notes that Schumpeter and David Hume both proposed a labor theory of value, though Khaldun did not refer to it as either a labor theory of value or theory.
In some cases words have entered the English language by multiple routes - occasionally ending up with different meanings, spellings, or pronunciations, just as with words with European etymologies. Many entered English during the British Raj in colonial India. These borrowings, dating back to the colonial period, are often labeled as "Anglo ...
A value system includes the value chains of a firm's supplier (and their suppliers all the way back), the firm itself, the firm distribution channels, and the firm's buyers (and presumably extended to the buyers of their products, and so on). Capturing the value generated along the chain is the new approach taken by many management strategists.
Added Value can also be defined as the difference between a particular product's final selling price and the direct and indirect input used in making that particular product. Also it can be said to be the process of increasing the perceived value of the product in the eyes of the consumers (formally known as the value proposition).