Economic production functions

{
  "id": "MLC-T-ENV-008906",
  "term": "Economic production functions",
  "field": "Environment",
  "definition": "A representation (often mathematical) of the input-output relationship involved in the production of an economic good or service by commercial/industrial establishments (i.e., firms) or non-commercial entities (e.g., households or individuals). Inputs typically include labor, physical capital (e.g., machinery), land, other natural resources (e.g., water) and raw materials, and other material supplies. Outputs are the goods or services produced by the process. The function also represents the technology, skill level, and methods that are embedded within the production process.",
  "subject": "Ecosystems",
  "references": [
    "National Ecosystem Classification System (NESCS) Plus Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/economic-production-functions/"
}