Economic production definition

Economic production or “economically produced” means production of an oil and gas
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Economic production means the ability of the mining property to profitably produce and sell product, even if that ability is not being utilized.
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Economic production means the ability of the mining minerals, obtained from reputable forecasters, mutually agreed upon property to profitably produce and sell product, even if that ability between the Property Tax Division and the taxpayer.
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Examples of Economic production in a sentence

  • The 1993 SNA states: Economic production may be defined as an activity carried out under the control and responsibility of an institutional unit that uses inputs of labour, capital, and goods and services to produce outputs of goods or services.

  • It was found that Mr. Bovu do have the required qualification of a competency level NQF7.

  • QUERIES: to be answered by AUTHOR AUTHOR: The following queries have arisen during the editing of your manuscript.

  • In an era of living services: the role of data and data literacy Economic production and distribution processes have become interconnected at an unprecedented rate and have spread across complex networks (Castells, 1996) simultaneously operating in a multiplicity of geographic, social, and cultural markets and contexts (Julien, 2007).

  • Economic production associated with natural resources on federally controlled public lands has fallen to a historic low.

  • Economic production of n-3 LC-PUFA would require algae to demonstrate simultaneous high growth and high lipid content with a high proportion of EPA and DHA.

  • Economic production is relatively sparsely distributed – with a few exceptions in South Africa and along the coast of West Africa.

  • Economic production, service-based and information-based activities are key components of the national economy.

  • Hsu, L.F.; Hsu, J.T. Economic production quantity (EPQ) models under an imperfect production process with shortages backordered.

  • The identified health problems linked to the exposure to noise lead to the following typical type of costs:(1) Costs of medical care (direct costs), (2) Economic production losses (direct costs), (3) Suffering and grief (intangible costs).Valuation of noise reduction by hedonic pricing In order to value the benefits of traffic noise reduction the method given in the EU position paper on valuation of noise (2003) was used.

Related to Economic production

  • Anti-Static Product means a product that is labeled to eliminate, prevent, or inhibit the accumulation of static electricity. “Anti-Static Product” does not include “Electronic Cleaner,” “Floor Polish or Wax,” “Floor Coating,” and products that meet the definition of “Aerosol Coating Product” or “Architectural Coating.”

  • Postproduction means an activity related to the finishing or duplication of a medium described in Subsection 59-12-104(54)(a).

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Edible cannabis product means cannabis product that is intended to be used, in whole or in part, for human consumption, including, but not limited to, chewing gum, but excluding products set forth in Division 15 (commencing with Section 32501) of the Food and Agricultural Code. An edible cannabis product is not considered food, as defined by Section 109935 of the Health and Safety Code, or a drug, as defined by Section 109925 of the Health and Safety Code.

  • Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.

  • Agricultural production means the commercial production of food or fiber.

  • Production Burdens means any royalties (including lessor’s royalties), overriding royalties, production payments, net profit interests or other similar interests that constitute a burden on, and are measured by or are payable out of, the production of Hydrocarbons or the proceeds realized from the sale or other disposition thereof (including any amounts payable to publicly traded royalty trusts), but excluding Taxes and assessments of Governmental Entities.

  • complex product means a product which is composed of multiple components which can be replaced permitting disassembly and re-assembly of the product.

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.

  • Production means a method of obtaining goods including manufacturing, assembling, processing, raising, growing, breeding, mining, extracting, harvesting, fishing, trapping, gathering, collecting, hunting and capturing.

  • Economic development incentive means a financial incentive,

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • Consumption of a chemical means its conversion into another chemical via a chemical reaction.

  • Tobacco product means any substance containing tobacco leaf, including but not limited to, cigarettes, cigars, pipe tobacco, hookah tobacco, snuff, chewing tobacco, dipping tobacco, bidis, blunts, clove cigarettes, or any other preparation of tobacco; and any product or formulation of matter containing biologically active amounts of nicotine that is manufactured, sold, offered for sale, or otherwise distributed with the expectation that the product or matter will be introduced into the human body by inhalation; but does not include any cessation product specifically approved by the U.S. Food and Drug Administration for use in treating nicotine or tobacco dependence.

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Adult exploitation means the illegal use of an incapacitated adult or his resources for another's

  • Marihuana-infused product means a topical formulation, tincture, beverage, edible substance, or similar product containing marihuana and other ingredients and that is intended for human consumption.

  • Licensed Product means any method, process, composition, product, service, or component part thereof that would, but for the granting of the rights set forth in this Agreement, infringe a Valid Claim contained in the Licensed Patents.

  • Production Area means that part of the animal feeding operation that includes the animal confinement area, the manure storage area, the raw materials storage area, and the waste containment areas. The animal confinement area includes, but is not limited to, open lots, housed lots, feedlots, confinement houses, stall barns, free stall barns, milkrooms, milking centers, egg washing or egg processing areas, areas used for the storage and disposal/treatment of mortalities, cowyards, barnyards, medication pens, walkers, animal walkways, and stables. The manure storage area includes, but is not limited to, lagoons, runoff ponds, storage sheds, stockpiles, under-house or pit storages, liquid impoundments, static piles, and composting piles. The raw materials storage area includes, but is not limited to, feed silos, and silage bunkers. The waste containment area includes, but is not limited to, settling basins and areas within berms and diversions which separate uncontaminated stormwater.

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;