The central subject of economic science is the allocation of scarce resources. From this point of view the main body of economic theory falls into two parts: the theory of production, which deals with problems of allocation in production, and the theory of consumption or demand.


Production Function Production Model Side Condition Entrepreneurial Behaviour Economic Choice 
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Copyright information

© Springer-Verlag/Wien 1966

Authors and Affiliations

  • Sven Danø
    • 1
  1. 1.University of CopenhagenCopenhagenDenmark

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