Factors of production

1735
1

In economics, factors of production (or productive inputs) are the resources employed to produce goods and services. They facilitate production but do not become part of the product (as with raw materials) or become significantly transformed by the production process (as with fuel used to power machinery). To 19th century economists, the factors of production were land (natural resources, gifts from nature), labor (the ability to work), and capital goods (human-made tools and equipment).

by cyborg



29-May-10, 11:22 am

Please leave a comment on Factors of production

user

National Geogra..

26-Jul-10, 11:13 am
3696 Views

Jeff Francoeur ..

1-Jul-15, 5:16 pm
7 Views

CouchSurfing

31-Aug-10, 3:59 pm
1438 Views

Cloudy with a C..

4-May-10, 6:16 am
474 Views

This Is It Mich..

8-Mar-10, 11:29 am
710 Views

JK Rowling

29-Jul-16, 2:42 pm
7 Views

Temple of Baals..

25-Aug-15, 4:59 pm
8 Views

Sterilization m..

6-Jul-10, 12:24 pm
709 Views

Kenny Rogers

7-May-10, 11:25 am
355 Views

Michael Lohan

6-Feb-13, 5:59 pm
42 Views
Top