Month: September 2021

Major Properties of the Cobb-Douglas Production Function

In this article, we explain the major properties of the Cobb-Douglas production function Introduction to Cobb Douglas Production Function The Cobb-Douglas production function is an empirical production function developed by Charles W. Cobb (American Mathematician) and Paul H. Douglas (American Economist) based on empirical studies of various manufacturing industries of the USA. This production function …

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Bachelor of Business Administration (BBA), Tribhuvan University

The Bachelor of Business Administration (BBA) is a special program of Tribhuvan University in the semester system which consists of eight semesters. The student will have to go through the various core and optional papers along with internship and report writing. BBA provides a fundamental education in business and management principles allowing students to specialize …

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Allocation of Resources

Resource allocation plays a vital role in solving economic optimization problems. The productive resources like land, labor, capital, equipment, technology, etc. are inadequately available. Due to the inadequate availability of resources, the issue of resource allocation becomes serious.  Resource allocation can be defined as the distribution of resources (human, financial, and natural resources) for various …

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