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factor of production

noun
  1. any instrument, agent, etc., employed in the production of goods and services.
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for factor of production

factor of production

noun
  1. a resource or input entering the production of wealth, such as land, labour, capital, etcAlso called: agent of production
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012