Limiting factor: Difference between revisions
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== See also == | == See also == | ||
* [[Contribution]] | |||
* [[Factors of production]] | * [[Factors of production]] | ||
* [[Production possibility curves]] | * [[Production possibility curves]] | ||
Revision as of 11:35, 11 March 2019
Cost and management accounting.
A limiting factor is an input resource which is scarce.
Also known as a scarce resource or key factor.
In different simple situations the most important limiting factor may be skilled labour, a physical resource, time, or something else.
In practice there may well be multiple limiting factors.
