Productivity, Separability and Deprivation by Atanu Sengupta Soumyendra Kishore Datta & Susanta Mondal
Author:Atanu Sengupta, Soumyendra Kishore Datta & Susanta Mondal
Language: eng
Format: epub
Publisher: Springer India, India
(4.13)
Now it is clear that these components of (4.13) depend on a set of parameters. Net profit from family business () is determined among other things by the volume of marketed goods (y). Similarly, labour income (FML) depends on the running market wage (w). Lastly, household’s net non-labour income (V) can be assessed from the volume of home goods (Q). In effect thus, the productive unit faces two types of production functions. The production function for the good that the unit sells in the market is given as:
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