Factors of Production


Management Fields Economy & Finance Management Facility Management Informatics & IT Management Human Resources Management Logistics & Transportation Organizational Management Marketing & Sales Production Management Quality Management Crisis Management Innovation Management Process Management Service Management Project Management Risk Management Change Management Knowledge Management Strategic Management Mangement Functions Planning Organizing Leadership & Communicating Decision Making Control Management Market Sectors Natural Resources Industrial Sector Service Sector Public Sector Knowlege sector Disciplines Economics Psychology Social Psychology Sociology Pedagogy	cs \| en Factors of Production Article Discussion User articles Article in PDF Factors of production are used in a production of economic goods as inputs. Economic theory usually defines three types of factors of production: Land (natural resource) – part of nature, it is used in agriculture, natural resources are used for production of materials and energy Labor (human effort) - purposeful human activity for production and transforming inputs into outputs Capital Stock (means of production, finance/financial capital) – it is a result of previous production (capital goods) Related terms and methods: Business resources Related management fields: Economy and Finance Organizational management Related discipline: Economics Rating: Only registered users can rate the article. Sign in Close 0 0 Last update: 18.04.2012 Tweet Save this on Delicious	Ad

Translate to another language