factors of production

However, the main factors of production are capital and labor.

Factors of production are work, ground, capital, information, and environment.

The official story is that the factors of production all add value to the new output.

The firm has sacrificed $100, which could have been spent on other factors of production.

Households own all the factors of production, that is land, labor, capital.

Other factors of production such as land can be substituted for labor.

On the one hand, a rise in economic activity increases the demand for all factors of production, including workers.

The act may or may not include factors of production other than labor.

Adam Smith recognized only three factors of production: land, labour and capital.

However, this applies to all factors of production and also to marginal utility.

That is in a system with a given set of factors of production and a fixed technology.

These factors of production are now seen as knowledge, collaboration, process-engagement, and time quality.

In the "long run", all of these factors of production can be adjusted by management.

These factors of production are sold to the firms to produce goods and services through factor markets.

The Resources module considers factors of production for the agricultural sector.

Economics for Ricardo was all about the relationship between the three "factors of production": land, labour and capital.

The household is responsible for making consumption decisions and owns factors of production.

Trade between countries is referred to trade in goods, services and factors of production.

People are seen not as human beings, but as mobile factors of production.

It is conventionally contrasted with such other factors of production as land and capital.

Many of its practitioners have added various further factors of production (see below).

However, factors of production are increasingly commoditized through such administrative intervention.

In the long run all factors of production are variable and subject to change due a given increase in size/scale.

But of course managers manage; they take decisions and control factors of production.

There is perfect mobility of factors of production between occupation and places.