Basic Laws of Production

Bjarne S. Jensen ()
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Bjarne S. Jensen: University of Southern Denmark (SDU)

Chapter Chapter 2 in The Elements and Dynamic Systems of Economic Growth and Trade Models, 2025, pp 25-47 from Springer

Abstract: Abstract In dynamics, quite complicated results can be deduced from a few simple principles. Throughout, the basic principles remain fairly simple and general and yet lead to the most elaborate consequences. The basic assumptions refer first of all to the production technology. The aim of this chapter is to present the production function and use its concepts in relation to the “Division of Labor”, Demography, and National Income.

Keywords: Technology; Production functions; Factor proportions; Division of labor; National income (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-3-031-52493-6_2

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