The factors of production are the inputs used to produce a good or service in order to produce income. Economists define four factors of production: land, labor, capital and entrepreneurship. These ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

Factors of production include land, labor, capital, and entrepreneurship. These factors interact to create goods and services in a capitalist economy. Understanding these factors helps identify ...

In business, factors of production are those inputs that are essential in the creation of a good or service to meet a certain need in the market. Factors of production are more easily conceived in the ...