In your notes, where production function defines, it is written that when market will EXPAND it will results in REDUCTION in capital production..... Can you explain the reason behind this??
see this is the production function with three factors capital , labour and land. so if market expands , division of labour will increase ( as he takes increasing returns to scale ) which logically means that higher productive capacity shall be acquired hence less capital stock or capital accumulation will be required.
Manisha the video of 'Hegel on state ' is already on my channel . You can check the major political thinkers playlist on my channel . I've already covered Hegel
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In your notes, where production function defines, it is written that when market will EXPAND it will results in REDUCTION in capital production.....
Can you explain the reason behind this??
see this is the production function with three factors capital , labour and land. so if market expands , division of labour will increase ( as he takes increasing returns to scale ) which logically means that higher productive capacity shall be acquired hence less capital stock or capital accumulation will be required.
Okay i got it ... thankyou sir😊
Sir please make vedio on Western political thinker hegel views on state
Manisha the video of 'Hegel on state ' is already on my channel . You can check the major political thinkers playlist on my channel . I've already covered Hegel
@@mrintrodent thankyou sir
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