factor of production

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factor of production

n
(Economics) a resource or input entering the production of wealth, such as land, labour, capital, etc. Also called: agent of production
References in periodicals archive ?
All factors of production like land, labour and capital should be cast in stone for process and holdings free of political or bureaucratic leveraging whatsoever.
EDUCATION is the single most important factor in ensuring the effectiveness of labour and making other factors of production yield desired goals.
In a 465-page report, the European Commission said Beijing exerted a decisive influence over the allocation of resources, such as land or capital, and influenced prices of factors of production "in a very significant manner".
The accord called for the free movement of goods, services, and factors of production between countries.
This issue of freedom of movement of factors of production is crucial within the EU as the resulting "single market" has generated considerable post-war wealth.
Following his meeting with the Assistant of the President in the Republican Palace, Thursday, Governor of North Kordofan State, Ahmed Haroun, said the second stage of the State development Program would focus on introducing incentives for factors of production and utilizing Sudan's relations with countries that support Sudan.
HE Obaid Humaid Al Tayer stressed the importance of the agreement for its vital role in creating a legal framework that supports economic openness and the free movement of factors of production, encouraging trade and creating an attractive environment for foreign investments.
span style="font-size: small;">Al Tayer stressed the importance of the agreement for its vital role in creating a legal framework that supports economic openness and the free movement of factors of production, encouraging trade and creating an attractive environment for foreign investments.
Obaid Humaid Al Tayer, Minister of State for Financial Affairs, stressed the importance of the agreement for its vital role in creating a legal framework that supports economic openness and the free movement of factors of production, encouraging trade and creating an attractive environment for foreign investments.
4 percent, and so "a wider reform agenda is needed to jump start investment, support the reallocation of factors of production from the non-tradable to the tradable sectors, and increase productivity," the report noted.
One is the availability and the second is production, which compensate only for fuel consumption, while other factors of production and costs remain constant.
If the economy is in the situation of allocative and productive efficiencies (for example, point A on PPF curve), than the public expenditure increment has to cause the private expenditure decrement, because it is necessary to relocate the certain amount of factors of production from the private to the public sector (point B).