CAPACITY MEASUREMENT IN THE U.S. AGRICULTURAL AND NONAGRICULTURAL SECTORS: A LITERATURE REVIEW
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In an examination of the literature of agricultural economics
from the fifties on, the author presents several definitions of
production capacity of U.S. agriculture. No satisfactory measure
of such capacity exists nor is there a viable, generally acceptable
definition of the term. Literature of the nonagricultural sector
contains some appropriate definitions and methodologies associated
with capacity measurement. After discussing and evaluating
several of these, the author suggests that some of them
may provide help in making agricultural methods more useful.