Dictionary.com

factor of production

Save This Word!

noun
any instrument, agent, etc., employed in the production of goods and services.
QUIZ
QUIZ YOURSELF ON "WAS" VS. "WERE"!
Were you ready for a quiz on this topic? Well, here it is! See how well you can differentiate between the uses of "was" vs. "were" in this quiz.
Question 1 of 7
“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.

Words nearby factor of production

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use factor of production in a sentence

British Dictionary definitions for factor of production

factor of production

noun
a resource or input entering the production of wealth, such as land, labour, capital, etcAlso called: agent of production
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
FEEDBACK