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Factors of production (view source)
Revision as of 17:47, December 9, 2006
, 17:47, December 9, 2006no edit summary
Factors of production are resources used to produce goods. They first became essential during the [[industrial revolution]], when goods were manufactured in large quantities for the first time.
These factors include resources that are both human (e.g., workers or labor and entrepreneurship) and nonhuman (e.g., land and [[capital]]).
These factors include resources that are both human (e.g., workers or labor and entrepreneurship) and nonhuman (e.g., land and [[capital]]).