factor of production 1
noundomain: possession
EnWordnet [ver.5.0]
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EnglishDefinition
what is used in the production process in order to produce output—that is, finished goods.
Examples
- 1.There are three basic resources or factors of production: land, labour, and capital.
Synonyms
- input 5
what is used in the production process in order to produce output—that is, finished goods.
