factors of production

listen to the pronunciation of factors of production
Englisch - Türkisch
üretim etmenleri
üretim faktörleri
Englisch - Englisch
Resources used as inputs to produce goods or services; includes capital, natural and human resources, as well as entrepreneurship
Economic resources or inputs which are employed in the process of production These are usually divided into two main categories: human resources and non-human resources Human resources include two main composites: labor, which includes all human physical and mental talents and efforts employed in producing goods, such as manual labor, managerial and professional skills, etc; and entrepreneurship or entrepreneurial organization, which encompasses everything that facilitates the organization of the other composite factors for productive purposes, such as innovation, risk-taking, and applications analysis Non-human resources include two other composites: land, which includes the entire stock of a nation's natural resources such as territory, mineral deposits, forests, airspace, territorial waters, water power, wind power, and the like; and capital, which includes all man-made aids to production, such as buildings, machinery, and transportation facilities
resources used to produce goods and services (i e , land, labor, capital, and entrepreneurship)
Input used to produce goods and services, for example, capital or labor
means used in the manufacturing of merchandise and the providing of services (land, labor, capital, management, etc.)
Resource inputs used to produce goods and services, e g , land, labor, capital, entrepreneurship
the means businesses use to make profit; land, labor, and plant and equipment are the traditional factors of production (p 7)
the inputs that are used in the production process
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
The technical term economists use for resources
The resources used to produce goods and services: labour, capital, entrepreneurs, and natural resources
factors of production are the broad categories, land, labor, capital, exhaustible natural re-sources, and entrepreneurship, into which we divide the economy's different productive inputs
The act of combining land, labor, capital and entrepreneurship resources to make goods and services
"Factors of production" are the inputs into the production process: land (natural resources), labor (human resources), and capital "Human resources" and "capital resources" are defined elsewhere in the glossary
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
The economy's productive resources - land, labour, and capital
factors of production

    Silbentrennung

    factors of pro·duc·tion

    Türkische aussprache

    fäktırz ıv prōdʌkşın

    Aussprache

    /ˈfaktərz əv prōˈdəksʜən/ /ˈfæktɜrz əv proʊˈdʌkʃən/
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