The Nature of Production

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The Nature of Production - Mind Map

Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.

Markets mind map - linked to larger version

View larger version of the mind map.

Stages of Production
- Primary
  - Mining
  - Quarrying
  - Agriculture
  - Fishing
  - Forestry
- Secondary
  - Manufacturing
  - Processing
- Tertiary
  - Services
  - Banking
  - Insurance
  - Transport
  - Distribution
  - Education
  - Health
  - Leisure
  - Legal
Efficiency
- Technical
  - Maximum output from minimum input
- Productive
  - At lowest cost
    - Total Costs
    - Variable (Direct) Costs
    - Fixed (Overhead) Costs
    - Average (Unit) Costs
    - TC/Output
Productivity
- Output per worker
- Output per machine
- Output per acre
Production Operations
- Planning Production
- Production Lines
- Cell Production
- Production Supervisors
- Production operatives (shop floor)
- Types of Production Operation
  - Flow
  - Batch
  - Job
- Stock
  - Stock Control
  - Just-in Time
Value Added
- Cost of inputs
- Value placed on it by the market