The resources used in producing the goods and services created in an economy....
The factors of production are the resources that are necessary for production. They are usually classified into 4 different groups: Land - all natural resources (minerals and other raw materials) Labour - all human resources Capital - all man-made aids to production (machinery, equipment and so on) Enterprise - entrepreneurial ability The rate of economic growth that an economy can manage will be affected by the quantity and the quality of the factors of production they have.
for a non-market economy, normal value = hours required to produce the merchandise + quantities of raw materials employed + the amounts of energy and other utilities consumed + representative capital costs, including depreciation.
or inputs - resources used by firms in their production processes, namely land (and the natural resources in it), labor and capital.
The inputs used in a production process. In general terms these can be classified as land, labour, capital and management. In production function analysis, management is not usually included as it cannot be readily measured, and land, labour and capital may be further divided into different types.
The productive resources used to produce goods and services—land, labour, capital, and entrepreneurship. (p. 37)
Context is: trade term. All inputs materials, labor, capital goods, and capital necessary to produce a product. "Materials" refers to non-manmade materials, including raw materials, trees, energy, and land. "Labor" includes all forms of human productive effort. "Capital goods" represents manmade inputs, such as machines, equipment, and buildings. "Capital" is the money used to purchase other inputs, as well as interest costs. See also Capital; Capital Goods; Comparative Advantage; Infrastructure.
"land and natural resources, labor, capital, and entrepreneurship"
are labor, land, capital, and entrepreneurship. The federal funds rate is the rate at which banks make loans to one another. The Federal Reserve System (Federal Reserve for short) is composed of 12 regional Federal Reserve banks and the Board of Governors located in Washington.
The resources used to produce goods and services: labour, capital, entrepreneurs, and natural resources.
The economy's productive resources – capital, technology, labour and land.
the essential ingredients required to produce goods and services – land, labour, capital and enterprise.
The resources used to provide goods and services: land, labor, capital, and entrepreneurship.
Resources used as inputs to produce goods or services; includes capital, natural and human resources, as well as entrepreneurship.
The inputs to the production process which usually include land, natural resources, labor, and capital.
Resources used by businesses to produce goods and services.
the physical, financial and human resources used in production
Land, labor and capital: the three categories of things that contribute to production.
An economic principle which refers to the inputs necessary to create goods or services. There are four factors of production: (1) capital, (2) labor, (3) entrepreneurship or management, and (4) land. Each factor must be compensated in order for the owner(s) to be induced to part with the factor. Since land is the only immobile factor of production, it must attract the other three factors of production. As a result, land receives its payment only after the other factors have been compensated. This means that real estate is residual. Thus, the value of real estate is dependent upon how much compensation is left after the other three factors have been rewarded.
Four groups of factors that are needed for production are natural resources / land, human resources, capital and enterprise.
The economy's factors of production are land, labor, capital, and entrepreneurship. Factors of production are also called "productive resources" or "resources".
In economics, factors of production are resources used in the production of goods and services.
