What is Production Factors
In economics, factors of production, resources, or inputs are what is used in the production process to produce output-that is, goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function. There are four basic resources or factors of production: land, labour, capital and entrepreneur. The factors are also frequently labeled “producer goods or services” to distinguish them from the goods or services purchased by consumers, which are frequently labeled “consumer goods”.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Factors of production
Chapter 2: Economics
Chapter 3: Labor theory of value
Chapter 4: Macroeconomics
Chapter 5: Neoclassical economics
Chapter 6: Index of economics articles
Chapter 7: Ecological economics
Chapter 8: Capital (economics)
Chapter 9: Principles of Economics (Menger book)
Chapter 10: Classical economics
Chapter 11: Use value
Chapter 12: Theory of value (economics)
Chapter 13: Circular flow of income
Chapter 14: Productive and unproductive labour
Chapter 15: Value (economics)
Chapter 16: Distribution (economics)
Chapter 17: Land (economics)
Chapter 18: Criticisms of the labour theory of value
Chapter 19: Perspectives on capitalism by school of thought
Chapter 20: Marxian economics
Chapter 21: Econodynamics
(II) Answering the public top questions about production factors.
(III) Real world examples for the usage of production factors in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Production Factors.
