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 ...
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
This study note focuses on the main factors of production - i.e. inputs used in the
supply of goods and services.
Factors of Production overview by PhDs from Stanford, Harvard, Berkeley. In-
depth review of Factors of Production meaning with chart and explanations.
Some of the important factors of production are: (i) Land (ii) Labour (iii) Capital (iv
) Entrepreneur. Whatever is used in producing a commodity is called its inputs.
These economic resources are also called the factors of production. The factors
of production describe the function that each resource performs in the business ...
Factors of production definition at Dictionary.com, a free online dictionary with
pronunciation, synonyms and translation. Look it up now!
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All four factors of production categories are important to the production of goods
used in the wants-and-needs-satisfying process that keeps human beings alive ...
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Sep 4, 2011 ... Brief description of the factors of production. ... There are only THREE factors of
production LAND - land and all resources, inc water, air, oars, ...