Factors of production

1732
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

Guinness

28-Apr-10, 1:07 pm
567 Views

Analysis_of_alg..

26-Jul-10, 10:52 am
170 Views

Chestnut vented..

6-May-11, 2:08 pm
283 Views

Australian Gold..

28-Apr-11, 6:23 pm
104 Views

Claudio MOREL

16-Jun-10, 1:44 pm
144 Views

Ainjel Emme

20-Oct-11, 12:02 am
149 Views

Mary Jane Watso..

29-May-10, 10:50 am
1469 Views

10 Things I Hat..

26-Mar-10, 3:29 pm
289 Views

Profiterole

6-Jul-10, 1:05 pm
1701 Views

Mary I of Scotl..

29-Mar-10, 12:21 pm
588 Views
Top