define limiting factor of production
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AllBusiness.com defines a limiting (constraining) factor as an "item that restricts or limits production or sale of a given product". The examples provided include: "limited machine hours and labor-hours and shortage of materials and skilled labor.
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AllBusiness.com defines a limiting (constraining) factor as an "item that restricts or limits production or sale of a given product". The examples provided include: "limited machine hours and labor-hours and shortage of materials and skilled labor.
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