In the Indian National economy there are various sectors, producing a variety of goods or services for catering to the needs of the general public at large, including the industrial sector. Industrial sector covers various industries. In national economy; in every sector; in every industry and in every part of the industry, number of production units operates. The manufacturing units carry out production of a good or service by making use of various production processes available in the industry.
Immaterial of the sector, industry or manufacturing unit in an economy, a production process transforms various inputs into output. The choice of adopting a particular production process by an entrepreneur depends on the quantity and quality of various inputs or factors of production available to him/her. The quantity and quality of various inputs available in an economy largely depends upon the policies and programmes framed by the Government of the country. The government allocates various inputs amongst different sectors of the economy and amongst different industries of the same sector.
According to Singh (1999), there are six inputs or factors of production utilized t
Immaterial of the sector, industry or manufacturing unit in an economy, a production process transforms various inputs into output. The choice of adopting a particular production process by an entrepreneur depends on the quantity and quality of various inputs or factors of production available to him/her. The quantity and quality of various inputs available in an economy largely depends upon the policies and programmes framed by the Government of the country. The government allocates various inputs amongst different sectors of the economy and amongst different industries of the same sector.
According to Singh (1999), there are six inputs or factors of production utilized t
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