Tag Archives: marginal productivity

Consumer Law and Challenging Business Environment (Published)

Consumer Law defines the parameter that helps to protect the consumers from unfair practices of sellers. In this regards, the law attempts to protect the consumers from unfair pricing and delivery of low quality products. Every country has a governing body the helps to protect the public by actively monitoring and evaluating the sellers’ activities. However, during the transition of saving the consumers, the law creates challenges for the businesses. It is evident from the research and its findings that consumer law affects a business in conflicting ways. A business needs to reform its operational practices as well as the pricing structure to ensure delivering superior quality products for an economical as well as competitive price. Adhering to consumer law practices, however, increases the costs of the business that creates multiple challenges in successful execution of the company’s strategic implications. Moreover, consumer law puts certain restrictions on business activities that adversely affect the business’s ability to market its products effectively.

Keywords: Consumer Law, Consumer Protection, Fair Trade Act, Gross margin, Marketing Restrictions, Price Equality, Profitability, marginal productivity

THE ROLE OF FENCING ON MARGINAL PRODUCTIVITY OF LABOUR, LAND AND CAPITAL IN ASAL REGIONS OF KENYA (Published)

Good land management strategies are known to play an important role in improving agricultural production. There lacks empirical studies that have evaluated the contribution of fence as a productive investment in Kenya. Fencing was treated as a productive input in the production function alongside capital, labour and land. Cross-sectional primary data is used to achieve the objectives of the study. The Cobb-Douglas (CD) specification was used in measuring the contribution of fence to production and in measuring its role in the marginal productivity of labour, land and capital in semi arid Kenya. Ordinary least squares (OLS) regression results indicated that fencing improves agricultural production and that it improves the marginal productivity of land. The policy implication is that since fence has led to a series of positive benefits, there is need for the government to recognize the positive impact of fence and empower those communities who would wish to fence their land.

Keywords: ASAL regions, Kenya, Labour, fencing, land and capital, marginal productivity