Cobb-douglas Production Function

Famous quotes containing the words production and/or function:

    By bourgeoisie is meant the class of modern capitalists, owners of the means of social production and employers of wage labor. By proletariat, the class of modern wage laborers who, having no means of production of their own, are reduced to selling their labor power in order to live.
    Friedrich Engels (1820–1895)

    “... The state’s one function is to give.
    The bud must bloom till blowsy blown
    Its petals loosen and are strown;
    And that’s a fate it can’t evade
    Unless ‘twould rather wilt than fade.”
    Robert Frost (1874–1963)