articles

In economics, land, labor, capital and entrepreneurship are known as the four factors of production. They are given this label because each plays a role in the production of business and industry that impacts the economi... More »

www.reference.com World View Social Sciences Economics

Investopedia defines a firm as a business organization, such as a corporation or a partnership, with different levels of legal protection. However, the Ludwig Von Mises Institute states that a firm in economics plays an ... More »

www.reference.com World View Social Sciences Economics

Allocation in economics is an analysis of how limited resources, also called factors of production, are distributed among producers, and how scarce goods and services are divided among consumers. Accounting cost, opportu... More »

www.reference.com World View Social Sciences Economics
similar articles

The Federal Reserve Bank of St. Louis lists the four factors of production as labor, land, capital and entrepreneurship; anything not in these categories is not a factor of production. Money is specifically mentioned as ... More »

www.reference.com World View Social Sciences Economics

Land, labor, capital and entrepreneurship are the factors of production. Factors are goods and services available to individuals and businesses used to produce valuable consumer products. More »

www.reference.com World View Social Sciences Economics

In basic economics, labor resources, or simply labor, is one of the three major factors of production, the other two being land and input. In the broadest sense, labor can be defined simply as the ability to work or supp... More »

www.reference.com World View Social Sciences Economics

Allocation in economics is an analysis of how limited resources, also called factors of production, are distributed among producers, and how scarce goods and services are divided among consumers. Accounting cost, opportu... More »

www.reference.com World View Social Sciences Economics