Factors of production
In economics, factors of production, resources, or inputs are what is used in the production process in order to produce output—that is, finished goods. The amounts of the various inputs used d...
Means of production
In economics and sociology, the means of production are physical, non-human inputs used in production, such as machinery, tools and factories, infrastructural capital and natural capital. The means of...
Factor price
In economic theory, the price of a finished item affects the factors of production, the various costs and incentives of producing it, so as to 'attract' it toward a theoretical Factor price. Simply pu...
Capital good
A capital good is a durable good (one that does not quickly wear out) that is used in the production of goods or services. Capital goods are one of the three types of producer goods, the other two bei...
Capitalist mode of production
Capitalism is an economic system in which trade, industries, and the means of production are largely or entirely privately owned and operated for profit. Central characteristics of capitalism include ...