Limitation (from latin limes = border) means an in or a delimitation.

In the economic science under the Limitation the delimitation of the exchange of goods on a firm is understood exchange ratios (Leontief Produktionsfunktion, good mountain production function). It is the opposite of the substitution, which contains many exchange ratios infinitely with arbitrary divisibility of the goods.

Examples

A parts list or a prescription is limitationale production functions. Different goods cannot be exchanged against each other. Mathematically this exchange is possible, but it is not realizable.

Example: Baker's shop

• Bread consists of completely determined added. Only the combination of the correct quantities of these added results in bread. One e.g. lowers the portion of the flour and increases for it the portion of salt (exchange flour against salt) becomes bread ungeniessbar.

Example: Automotive manufacture

• A car is a combination of completely certain factors of production. The use of for example 200 small screws instead of a steering wheel would be unreasonable.

In any case one gives it for each yield quantity (e.g. m=5) only a possible efficient factor combination (e.g. g 1 = 10, r2 = 10), so that the ISO quanta in form of individual points can be represented. The geometrical connection of all efficient factor combinations is called process straight line. For limitationale production processes it is characteristic that not between several overseas trading station sentence combinations (factor substitution) it separates only between several production processes with given in each case employment combinations - e.g. by a change of the manufacturing machine - be differentiated can (process substitution).

Related links

• Substitutionale production functions, ISO quanta

Articles in category "Limitation"

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  (c) any rule or law that establishes a limitation period, or otherwise refuses ... (8) The limitation period set by this Act with respect to an action ...


• Limitation Quotes
  Limitation quotes and quotations from BrainyQuote.


• National Tax Limitation Committee -- Saturday, July 1st, 2006
  ... when he received appointment to the Appropriations Committee.) The National Tax Limitation Committee 151 N. Sunrise Avenue, Suite 901 Roseville, CA 95661.