Technological Change and Capacity Utilization

Nonfiction, Science & Nature, Technology, Industrial Technology, Business & Finance, Industries & Professions, Industries
Cover of the book Technological Change and Capacity Utilization by Hemanta Saikia, Hemanta Saikia
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Hemanta Saikia ISBN: 9781311307996
Publisher: Hemanta Saikia Publication: April 28, 2015
Imprint: Smashwords Edition Language: English
Author: Hemanta Saikia
ISBN: 9781311307996
Publisher: Hemanta Saikia
Publication: April 28, 2015
Imprint: Smashwords Edition
Language: English

Technology is the guiding principle for present world and a key player of the international economy. Economics and technological evolutionary theory have a long history together. Both are not a solo process, rather it is a mixture of interlinked processes where the evolution of technology is a critical factor in economic growth throughout history. Notably, the sharp turn in economic growth of the eighteen century coincides with the great technological leap of the industrial sector. The main impetus of a capitalist is to make the profit, and they may consider a little about the social welfare while applying a technology. In this regard, Sen’s works provide a model of choice of technology from the point of view of inter-temporal welfare paradigm. However an industry must attain a minimum level of standard of growth just as a beggar first should have a minimum food requirement, then he could think of preferences among the alternatives. In this framework, factors of production play a unique and decisive role in the production of goods and services. However, not only factors of production but also their proportion with which they are used is also very important to the productivity as well as from the employment point of view. Nevertheless, from the farm efficiency point of view, it is important to analyse what is the pragmatic factor proportion as unless an industrial unit is strong enough to carry out its optimum plant; it is become hard to determine which technique is suitable for a particular region or country. Alternatively, capacity utilization has been comprehensively used in the literature and is an extremely useful indicator of industrial performance as it pictures both the use of scarce resources as well as the state of demand. Capacity utilization measures the proportion of available productive capacity of an economic unit that is currently utilized. The industry-wide capacity utilization is used to determine whether production conditions are rigid or flexible and thus whether restrictive or expansionary macroeconomic policies would be effective and also in assessing the future investment demand that trend to vary directly with the increase in capacity utilization.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Technology is the guiding principle for present world and a key player of the international economy. Economics and technological evolutionary theory have a long history together. Both are not a solo process, rather it is a mixture of interlinked processes where the evolution of technology is a critical factor in economic growth throughout history. Notably, the sharp turn in economic growth of the eighteen century coincides with the great technological leap of the industrial sector. The main impetus of a capitalist is to make the profit, and they may consider a little about the social welfare while applying a technology. In this regard, Sen’s works provide a model of choice of technology from the point of view of inter-temporal welfare paradigm. However an industry must attain a minimum level of standard of growth just as a beggar first should have a minimum food requirement, then he could think of preferences among the alternatives. In this framework, factors of production play a unique and decisive role in the production of goods and services. However, not only factors of production but also their proportion with which they are used is also very important to the productivity as well as from the employment point of view. Nevertheless, from the farm efficiency point of view, it is important to analyse what is the pragmatic factor proportion as unless an industrial unit is strong enough to carry out its optimum plant; it is become hard to determine which technique is suitable for a particular region or country. Alternatively, capacity utilization has been comprehensively used in the literature and is an extremely useful indicator of industrial performance as it pictures both the use of scarce resources as well as the state of demand. Capacity utilization measures the proportion of available productive capacity of an economic unit that is currently utilized. The industry-wide capacity utilization is used to determine whether production conditions are rigid or flexible and thus whether restrictive or expansionary macroeconomic policies would be effective and also in assessing the future investment demand that trend to vary directly with the increase in capacity utilization.

More books from Industries

Cover of the book Direct Store Delivery by Hemanta Saikia
Cover of the book Workshop Processes, Practices and Materials, 5th ed by Hemanta Saikia
Cover of the book Implementing IT in Construction by Hemanta Saikia
Cover of the book Four Thousand Hooks by Hemanta Saikia
Cover of the book Energy Resources in Africa by Hemanta Saikia
Cover of the book OHSAS 18001:2007 Sistemas de gestión de la seguridad y salud en el trabajo by Hemanta Saikia
Cover of the book The Law of Fundraising by Hemanta Saikia
Cover of the book Fare Soldi Online con Blog e Minisiti. Guadagnare su Internet nell'Era dei Social Network e del Web 3.0. (Ebook Italiano - Anteprima Gratis) by Hemanta Saikia
Cover of the book Advances in Research Methods for Information Systems Research by Hemanta Saikia
Cover of the book Handbook of Operations Research in Agriculture and the Agri-Food Industry by Hemanta Saikia
Cover of the book Higiene e conservação de alimentos by Hemanta Saikia
Cover of the book Management of Service Businesses in Japan by Hemanta Saikia
Cover of the book Tourism and Opportunities for Economic Development in Asia by Hemanta Saikia
Cover of the book Service Research and Innovation by Hemanta Saikia
Cover of the book Delivering the Goods by Hemanta Saikia
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy