— Production in Economics is a very important economic activity As we are aware the survival of any firm in a competitive market depends upon its ability to produce goods and services at a competitive cost One of the principal concerns of business managers is the achievement of optimum efficiency in production by minimising the cost
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— Production Concept This is the oldest concept guiding sellers In this concept the firm believes that business can be managed by maximizing production so that the unit cost of the product will be low The firm works on the MANTRA Maximising output with the lower unit cost and selling the product to the customer with a low price
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— Learning Outcomes By the end of this section you will be able to 1 Describe the production concept ; 2 Define the product concept ; 3 Discuss the selling concept ; 4 Explain the marketing concept ; 5 Summarize the societal marketing concept and its features ; The Evolution of Marketing So now you ve gotten the bird s eye view of
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3 — Production Concept is a belief that states that the customers would always acquire products which are cheaper and more readily available or widely available The production concept advocates that more the products or production more would be the sales In countries where labor is cheap and easily available the production can be
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5 — National income is the aggregate money value of all incomes earned by individuals and enterprises National income may also be defined as the money measure of the net aggregates of all commodities and services accruing to the inhabitants of an economy during a year Thus the concept national income has different meanings It may
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2 — The production possibility curve represents graphically alternative production possibilities open to an economy The productive resources of the community can be used for the production of various alternative goods But since they are scarce a choice has to be made between the alternative goods that can be produced In other words the economy
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— Understanding the effects of mining on ES requires identifying and conceptualising the full ES chain including four key components supply demand flow and benefits Figure 1 Mandle et al 2020; Villareal Rosas et al 2020 Extracting mineral resources results in removal or modification of areas of natural ecosystems Castello and
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— The use of sustainable mining practices in developing economies can be found in academic literature and industry reports To support the use of sustainable practices identified in the study of Essah and Andrews secondary data from sustainability reports of four reputable mining firms in Africa were addition an interview with a
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— This paper examines sustainable development in the corporate mining context and provides some guidelines for mining companies seeking to operate more sustainably There is now a burgeoning literature that examines sustainable development in the context of minerals and mining most of which is concerned with sustainability at
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5 — In this article we will discuss about the Theoretically Analysis of the Production Process Production Process The business firm is basically a producing unit it is a technical unit in which inputs are converted into output for sale to consumers other firms and various government departments Production is a process in which economic resources or inputs
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— Recently there has been a growing interest in the mining industry in issues related to risk assessment and management which is confirmed by a significant number of publications and reports devoted to these problems However theoretical and application studies have indicated that risk in mining should be analyzed not only in the human factor
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The cost of production is simply the sum of the costs of all of the various factors It can be written in which p 1 denotes the price of a unit of the first variable factor r 1 denotes the annual cost of owning and maintaining the first fixed factor and so on Here again one group of terms the first covers variable cost roughly direct costs in accounting terminology
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— The increasing demand for products and services has led to a linear model of production and consumption that is unsustainable in the long term The need for a production system with sustainable features has become increasingly important leading to the development of the concept of sustainable production systems
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— Founded 2015 Headquarters Los Angeles California TransAstra s space mining technology relies on a technique known as optical mining which concentrates light from the sun to pull propellant biomasses from space objects like asteroids moons and the surfaces of extraction is intended to enable large scale harvesting of water
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— The paper concludes by presenting a case study of two Canadian mining companies Rio Algom and Placer Dome Inc — the management of both of which has been active in improving the sustainability of mine operations — in an attempt to illustrate how selected mining companies are embracing sustainable development at the corporate
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— THE MINING ASSOCIATION OF CANADA The Mining Association of Canada MAC is the national organization of the Canadian mining industry We represent companies involved in mineral exploration mining smelting refining and semi fabrication Our member companies account for most of Canada s output of metals and minerals
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— Lithium production is expected to expand by 20 percent a year Recycling Commonwealth of Independent States Europe China Sub Saharan Africa North America Oceania Latin America 2025 2030 20% per annum 2015 2020 Lithium production is expected to expand by 20 percent a year Lithium mining How new production
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— Even though the concept of Corporate Social Responsibility CSR has been applauded for several decades the concept of stakeholder engagement is relatively new to the Ghanaian mining sector This study investigates the CSR process of an extractive company and examines how stakeholders are engaged in CSR Using purposive and
— We acknowledge here that the mining sector is diverse ranging from small exploration and prospecting companies through to some of the world s largest multinationals and for this paper we deliberately exclude reference to artisanal and small scale mining ASM which generates a raft of other issues in relation to sustainable
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