Factors of production - Definition

The resources used in producing the goods and services created in an economy. In most branches of economic theory, there are three primary factors that are utilized in production: land and natural resources; man-made Capital goods; and labor. Entrepreneurship is also sometimes considered a factor of production and so is the overall state of technology. The number and definition of factors varies, depending on the school of economics.

Terms near "Factors of production"

Factory gate price

Factory Orders

Facultative reinsurance

FAD multiple

Fail position

Fair market value

Fair market value lease

Fairly valued

Fast Market

Federal Deposit Insurance Corporation (FDIC)