Limited recourse and Limiting factor: Difference between pages

Revision as of 11:12, 11 March 2019

Cost and management accounting.

A limiting factor is an input resource which is scarce, and of limited availability.

Also known as a scarce resource or key factor.

In different simple situations the most important limiting factor may be skilled labour, a physical resource, time, or something else.

In practice there may well be multiple limiting factors.

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-When debt or finance is 'limited recourse', it means that the security rights of the lender or other finance provider are restricted.
+''Cost and management accounting''.
-It is an intermediate situation, in between full recourse, and non-recourse.
+A limiting factor is an input resource which is scarce, and of limited availability.
+Also known as a ''scarce resource'' or ''key factor''.
+In different simple situations the most important limiting factor may be skilled labour, a physical resource, time, or something else.
+In practice there may well be multiple limiting factors.
 == See also ==
-* [[Non-recourse]]
+* [[Factors of production]]
-* [[Recourse]]
+* [[Production possibility curves]]
+* [[Scarcity]]
+[[Category:The_business_context]]