English version

factor of production

From Longman Business Dictionary
Related topics: Economics
factor of productionˌfactor of proˈduction noun (plural factors of production) [countable] ECONOMICS something that is needed to produce a particular product. The main factors of production are land, labour, and capitalInner-urban areas provide ideal factors of production for new companies, such as cheap premises and labour.
Pictures of the day
What are these?
Click on the pictures to check.