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Factors of production


a collection of various resources which contribute to producing goods or services

Factors of production fall into three main groups – land, labor, and capital – and sometimes include entrepreneurship.


Read Also:

  • Factor v

    factor V n. A factor in the clotting of blood, a deficiency of which leads to parahemophilia. Also called accelerator factor, plasma accelerator globulin, proaccelerin, prothrombin accelerator.

  • Factor vii

    factor VII n. A factor in the clotting of blood that forms a complex with tissue thromboplastin and calcium to activate the prothrombinase, thus acting to accelerate the conversion of prothrombin to thrombin. Also called convertin, cothromboplastin, proconvertin, serum accelerator, serum accelerator globulin, serum prothrombin conversion accelerator.

  • Factor VIII

    noun 1. . noun 1. a protein that participates in the clotting of blood. It is extracted from donated serum and used in the treatment of the commonest type of haemophilia, in which it is absent factor VIII n. A factor in the clotting of blood, a deficiency of which is associated with hemophilia A. […]

  • Factor x

    factor X n. See prothrombinase.

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