A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.
WHAT DOES FACTOR OF PRODUCTION MEAN IN ENGLISH?
Factors of production
In economics, factors of production are the inputs to the production process. Finished goods are the output. Input determines the quantity of output i.e. output depends upon input. Input is the starting point and output is the end point of production process and such input-output relationship is called a production function. There are three basic factors of production: land, labour, capital. Some modern economists also consider entrepreneurship for a factor of production. These factors are also frequently labeled "producer goods" in order to distinguish them from the goods or services purchased by consumers, which are frequently labeled "consumer goods." All three of these are required in combination at a time to produce a commodity. In economics, production means creation or an addition of utility. Factors of production are any commodities or services used to produce goods or services. Factors of production may also refer specifically to the primary factors, which are stocks including land, labor, and capital goods applied to production.
Synonyms and antonyms of factor of production in the English dictionary of synonyms
WORDS RELATING TO «FACTOR OF PRODUCTION»
factor of productionfactorproductionexampleslandcapitalfixedeconomicsmoneyfactorsinputsprocessfinishedgoodsoutputinputdeterminesquantitydependsuponstartingpointsuchrelationshipcalledfunctionthereinvestopediaeconomictermdescribethatattemptmakeprofitwhatmeaningothernomenclaturemorerecentlyknowledgecomerecognizeddistinctrighttutorothersbelievetheydeserverecognitionseparatetheirsuccessfailurebusinessoftencriticallylowdownpodcastseriesfirstthisincludesnaturalresourcejustanythingfourchronflexibleworkersallocateddifferentareaseconomyproducinghumanenterprisemereexistencedoesncontributionnecessaryconditionalfredmasongaffneydistinctivedoesmigratevaluesmarkedcontinuityspaceflowperishwithuniformuserslideshareoriginalnormallysurface
Translation of «factor of production» into 25 languages
The translations of factor of production from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «factor of production» in English.
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «factor of production».
FREQUENCY OF USE OF THE TERM «FACTOR OF PRODUCTION» OVER TIME
The graph expresses the annual evolution of the frequency of use of the word «factor of production» during the past 500 years. Its implementation is based on analysing how often the term «factor of production» appears in digitalised printed sources in English between the year 1500 and the present day.
Examples of use in the English literature, quotes and news about factor of production
10 ENGLISH BOOKS RELATING TO «FACTOR OF PRODUCTION»
Discover the use of factor of production in the following bibliographical selection. Books relating to factor of production and brief extracts from same to provide context of its use in English literature.
Principles of Economics
According to the neoclassical theory, the amount paid to each factor of production
depends on the supply and demand for that factor. The demand, in turn, depends
on that particular factor's marginal productivity. In equilibrium, each factor of ...
N. Mankiw, 2011
The Environment as a FactorofProduction
WPS 3271 The Environment as a Factor of Production Timothy J. Considine and
Donald F. Larson Abstract This paper develops a model of environmental
resource use in production with an empirical analysis of how electric power
Timothy Considine, Donald F. Larson, 2004
Economic Theory in Retrospect
19 The entrepreneur as a factor of production If we treat the entrepreneur as a
distinct factor of production, receiving his marginal product, we cannot logically
equate this marginal product to pure profit. Pure profit is either the marginal
Mark Blaug, 1997
The Science of Economic Development and Growth: The Theory ...
We indicated above why in early times land was regarded as a factor ofproduction. Agriculture was predominant, and the early factories required land
and associated facilities such as water. Today a lot has changed, and reference ...
Clement Chukwukadibia Onyemelukwe, 2005
Production Economics: Mathematical Development and Applications
Consider the single variable production function, (3-49) q = F(V, F) where, V =
variable factor of production F * Fixed factor of production It will be noted in the
next section that the restriction to functions homogeneous of degree one only
Chauncey T. K. Ching, John Fumio Yanagida, 1985
Lectures on International Trade
There are in fact two types of sectoral specificity that one could distinguish:
preferential specificity, in which a factor of production (e.g., homogeneous labor)
prefers being employed in one sector to being employed in another such that, ...
Jagdish N. Bhagwati, Arvind Panagariya, T. N. Srinivasan, 1998
1.1. Work and performance of the potential factor of production manpower 110
1.2 Time ascertainment 115 2 The potential factor of production resource 120 2.1
Definition and division of resources 120 2.2 Performance of the potential factor of
Theodor Nebl, 2002
The Stolper-Samuelson Theorem: A Golden Jubilee
In view of the tendency of international trade to equalize relative factor returns
among different countries, it might seem that the owners of a factor of production
which is relatively scarce in a given country would have a strong interest in ...
Alan V. Deardorff, Robert Mitchell Stern, Sundari R. Baru, 1994
Management Economics: An Accelerated Approach
The aircraft are a fixed factor of production. The associated loan or bond payment
is a fixed cost. Similarly, a retailer leases space in a mall. For the duration of the
lease, the space is a fixed factor of production, and the contractual monthly ...
William G. Forgang, Karl W. Einolf, 2007
The Constitution of Liberty in the Open Economy
1 16) for this assumption, since in the classical model labour was considered the
sole factor of production, and labour was indeed rather immobile in the early
nineteenth century. But this assumption is far from tenable in neoclassical trade ...
Lüder Gerken, 2004
10 NEWS ITEMS WHICH INCLUDE THE TERM «FACTOR OF PRODUCTION»
Find out what the national and international press are talking about and how the term factor of production is used in the context of the following news items.
America's secret weapon against cyber attacks? Try a new military …
Information technology is the civil engineering of the new American economy. Information is the fifth factor of production. It is inside every good ... «Fortune, Jul 15»
One Asean market, more opportunities for business
"You can look at a single factor of production across different countries, that is what we are looking at. And freer movement of goods and ... «AsiaOne, Jul 15»
First Women Parliament to Fight Anti-Women Practices
Participants during the First Women's Parliament said women have limited access to land, a key factor of production, largely on a patrilineal ... «AllAfrica.com, Jul 15»
One Asean market, more opportunities for businesses
"You can look at a single factor of production across different countries, that is what we are looking at. And freer movement of goods and ... «The Straits Times, Jul 15»
Got Organics? Re-Thinking the Proposed Organic Checkoff Program
Natural capital, that is ecosystems and the goods and services they provide, is a common factor of production for organic farms. The magnitude ... «Huffington Post, Jul 15»
From 'per acre' to 'per drop'
... state in terms of land productivity isn't necessarily the most efficient with regard to use of the other important factor of production: water. «The Indian Express, Jul 15»
Employers need to sacrifice too
As long as this growing segment of the population is merely considered as a factor of production that must be shaped to ensure the industry's ... «The Phnom Penh Post, Jun 15»
David Moon: Capital markets fuel economic growth
The next great economic growth stage, however, was driven by the mature development of a third, formerly underutilized factor of production: ... «Knoxville News Sentinel, Jun 15»
Choosing a major, picking a winner
... that it's a preparation to make you a better factor of production," Hillsdale College President Larry Arnn told The Wall Street Journal recently. «Southeast Missourian, Jun 15»
Farm prices panel for efficient water use
This shows that the most efficient State in terms of land productivity is not the most efficient if other factor of production viz. water is factored into, ... «Hindu Business Line, Jun 15»
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