Land, labor, capital and entrepreneurship are the factors of production. Factors are goods and services available to individuals and businesses used to produce valuable consumer...
Factors Of Production
An economic term to describe the inputs that are used in the production of goods or services in the attempt to make an economic profit. The factors of production include land, labor, capital and entrepreneurship....
In economics, factors of production, resources, or inputs are what is used in the
production process to produce output—that is, finished goods and services.
An economic term to describe the inputs that are used in the production of goods
or services in the attempt to make an economic profit. The factors of production ...
An examination of the demand and supply for factors
, and the three broad classes of factors
: labor, capital, and land. More »
Factors of production is an economic term describing the general inputs used to
produce goods and services to make a profit. Under the classical view of ...
Definition of factors of production: Resources required for generation of goods or
services, generally classified into four major groups: Land (including all natural ...
The factors of production are resources that are the building blocks of the
economy; they are what people use to produce goods and services. Economists
Nov 20, 2014 ... This study note focuses on the main factors of production - i.e. inputs used in the
supply of goods and services.
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