Factors of production

An advertisement for labour from Sabah and Sarawak, seen in Jalan Petaling, Kuala Lumpur.

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The amounts of the various inputs used to determine the quantity of output according to a relationship is called the production function. There are three basic resources or factors of production: land, labour, and capital. These factors are also frequently labeled "producer goods" 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.

单词	Units of production
释义	Units of production 英语百科 Factors of production In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The amounts of the various inputs used to determine the quantity of output according to a relationship is called the production function. There are three basic resources or factors of production: land, labour, and capital. These factors are also frequently labeled "producer goods" 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.
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Units of production

Factors of production