Market-driven workshop on agriculture ends in Sunyani Nov 6, 2009
He said successful farming was about optimisation of all available factors of production in combination with the use of sustainable intensification options to get good quality yields. This he said was the surest way to boost the income of smallholder farmers. (Ghana Web, Ghana)
* Why be a mere spoke of a future China hub? Nov 5, 2009
As Nobel laureate Paul Krugman predicted, a free-trade area between large and small economies results in all factors of production, except land, transferring to the larger country, and thus the hub and spoke scenario. Richard Baldwin has argued that a bicycle model of East Asian integration with two natural hubs and many overlapping spokes will emerge in the region. (Taipei Times, Taiwan -- World Business)
Henry's tax plan mustn't ignore environment Nov 2, 2009
This is precisely the rationale for the eternal debate about which factors of production - land, labour or capital - should be taxed more heavily than others so as to minimise the tax system's distortion of people's choices and maximise economic growth. Now, however, the ecological crisis has added a new ''constraint'' to our choices: we need to pursue only that type of growth that doesn't aggravate our relations with the ecosystem. (Sydney Morning Herald -- Business)
Out of work and sitting on the porch: the shape of things to come? Oct 26, 2009
"But even if the exchange rate were not to appreciate, they would eventually feel the squeeze because they would find it increasingly difficult over time to compete with the construction and resources sectors for the economy's factors of production both labour and capital." In other words, investment and workers will be heading off to the mines to keep fuelling the boom. 00004000. (Sydney Morning Herald -- Opinion)
No stopping outrageous executive salaries Oct 7, 2009
As a (relatively speaking) old-timer, I remember those days when economics textbooks spoke of three factors of production: labor, capital and land. Those were the days when the "boss" was an employee. (Sydney Morning Herald -- Opinion)
Transcript of the IMF’s Press Briefing on World Economic Outlook: Anyaltic Chapters 3 and 4 Sep 23, 2009
The second finding was that this depressed path of output was mainly due to reductions in all factors of production, which, the employment rate, capital and productivity. In the short run, the output loss was mainly accounted for productivity although its level tended to go back, to come closer to its pre-crisis trend in the medium run. (IMF News)
Knowledge content in key economic sectors Sep 22, 2009
Total factor productivity (TFP), encompasses enhancing efficiency of all factors of production including the development of human capital through knowledge-based activities, inculcating a creative and innovative mindset as well as adopting new technologies and innovation to accelerate productivity growth, is a relevant measure. TFP grew by 2% for the period 1999-2008 where all economic sectors registered TFP growth ranging from 1% (agriculture) to 2. (The Star Online, Malaysia -- Business)
Singapore needs to develop new ideas, new products to continue thriving Aug 7, 2009
A strategy that mainly relies on cheap factors of production, labour and other inputs, is not likely to work as well going forward. "Instead, the rest of Asia will need to look at its own institutions and markets to drive a more sustainable and higher quality growth via strong productivity improvements.". (Channelnewsasia.com)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the People's Republic of China Jul 23, 2009
Directors also recommended allowing the costs of other factors of production, such as energy, water and land, to increase further in order to support the government s intentions to improve energy efficiency and protect the environment. Directors welcomed the important progress made in the past few years in increasing the market s role in determining the exchange rate, as well as the consequent substantial real appreciation that has been achieved since the exchange rate reform in 2005. (IMF News)
Economists weigh in on nationalisation Jul 9, 2009
The nationalisation experiments of Venezuela's President Hugo Chavez had "crippled the factors of production", Ballim said. Abedian agreed that the Chavez experiment was more successful when the oil price was high; Venezuela's economy was now reaping the consequences of low oil prices. (Business Report, South Africa)
Ghana's Vision 2020 - The case of the 3 Northern Regions ... Jul 7, 2009
The three northern regions and the Savannah belt of Brong Ahafo and Volta regions have a hidden growth reserves in its people, including the potential of its women, who provides more than half of the regions labour but lack equal access to education and factors of production. The region has great scope for more effective use of its resources (the region can be turned into Ghanas bread basket, and its continuous sunshine can be tapped to power Ghanas industrialisation through solar... (Ghana Web, Ghana)
Making sense of liberalisation Jul 6, 2009
Owners of resources or factors of production, usually seek the best place to employ their resources to achieve maximum gain. In todays borderless world, the owners of resources have a greater choice as to where to deploy their resources, not only at home but also abroad. (The Star Online, Malaysia -- Business)
* The real estate bubble born of an enduring misunderstanding Jun 23, 2009
To the extent that there is a world market for these factors of production, the situation should not be entirely different in other countries. An even more troublesome fallacy is that people tend to confuse price levels with rates of price change. (Taipei Times, Taiwan -- Sports)
Big business and the light on the hill Jun 16, 2009
This view is that, in an ever-more globalised world where the barriers between national economies are being broken down, the least mobile factors of production should be taxed most and the most mobile factors should be taxed least. This suggests a hierarchy of taxes running from the least economically inefficient and hence most growth-enhancing to the most inefficient and growth-inhibiting. (Sydney Morning Herald -- Business)
The Invisible Hand Jun 1, 2009
Smith's theory asserts that, in a competitive market, firms and the suppliers of factors of production will promote public or social interest simply by trying to further their own self-interests, as though they are guided by an invisible hand ... In a capitalist market, it is in a business's best interests to use the least-costly methods and factors of production to create their product. (Suite101.com)
The industrial revolution May 27, 2009
France and Germany were hardly inspiration-free zones, but only in Britain was there enough profit to be had from radically realigning the factors of production to make macro-inventions worth investing in. Less theoretically, the pre-existence of two industries also helped. (The Economist)
SMEs need support before regulation, says IFAC Apr 30, 2009
"SMEs face challenges that are exacerbated in times of economic crisisthe ability to obtain capital and the rising costs of fuel, supplies, and other factors of production". "We must take care not to further exacerbate these challenges through unnecessary and inappropriate re-regulation of the private sector and we must consider the cost burden of their meeting regulatory and compliance requirements", he said. (Accounting Web, UK)
Three new ambassadors present letters of credence Apr 16, 2009
President Mils said sub-regional integration held the key to the development of the countries in the sub-region to intensify free movement of goods and factors of production as well as increase trade relations between the two nations. The President said there was the need to come close to one another in the sub-region and explore ways to improve the lives of the people. (Ghana Web, Ghana)
Editorial: Nigerians Educating Their Kids in Ghana Apr 1, 2009
Since the factors of production, especially power, are stable, he can have a safe conjecture on how his business would thrive and so can plan accordingly. In the same vein, petty traders, who have to buy and sell seasonal goods, especially during Easter and Christmas times, have had to go to Ghana to buy them at wholesale to retail in Nigeria since most of the manufacturing companies that had closed shops in Nigeria now find a home in Ghana. (Ghana Web, Ghana)
Government should butt out of economy Mar 22, 2009
Virtually all the buildings are still there; the same equipment, technology and other factors of production, the same land and houses. Markets are declaring, however, that capital values of this complex are too high. (Athens Banner-Herald)
Unnatural Disaster Mar 7, 2009
Mises reminds us that a sudden drive for a particular kind of investment will raise the prices of complementary factors of production as well as the interest rate itself. For a mania-driven boom to persist, there has to be an increasing supply of credit to fund it, since investments in that sector would grow steadily more costly over time. (The American Conservative)
Mexican president to Obama: Fix economy, then deal with immigration Feb 27, 2009
So it s impossible to try to stop some kind of integration between these factors of production. Calderon said more jobs in Mexico will prevent Mexicans from heading north. (Orangeburg Times and Democrat, SC)
What is Production Feb 25, 2009
Therefore, it talks about the different factors of production used to be able to come up with the finished goods which include: labor, land and capital as the basic ... They are the ones who look after the other factors of production : land, labor, capital and technology in such a way that it can generate profit. (Suite101.com)
Deflated Expectations Feb 10, 2009
The same money creation that serves to prop up the prices of goods also puts upward pressure on the prices of labor and other factors of production. But as deflation-bashers never tire of reminding us, input prices are sticky. (The American Conservative)
