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Since the primary purpose of economic activity is to produce utility for individuals, we count as production during a time period all activity which either …

Objectives To determine and outline the conditions that give the optimum use of capital, labour, land and management resources in the production of crops, livestock …

The Factor Rating Method: A location method that instills Objectivity into the process of identifying hard to evaluate costs. Locational Break Even Analysis: The use …

Value Engineering Value Engineering (VE) is concerned with new products. It is applied during product development. The focus is on reducing costs, improving function or both, by …

Classification and codification of materials are steps in maintaining stores in a systematic way. Materials are classified in such way that storing, issuing and identifying …

An integrated waste management strategy includes three main components Source reduction Recycling Disposal Source reduction is one of the fundamental ways to reduce waste. This …

Ecological succession is the term used to describe what happens to an ecological community over time. It refers to more or less predictable and orderly …

In India, forests form 23 percent of the total land area. The word ‘forest’ is derived from the Latin word ‘foris’ means ‘outside’ (may be …

Conservation of energy: Switch off light, fan and other appliances when not in use. Use solar heater for cooking. Dry the cloth in the sun …

Scarcity of resources is the burning problem of modern technology. The twenty-first century will see growing human needs for resources since many parts of the …