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 ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Robert Kelly is managing director of XTS Energy LLC, and has more than three ...

Classical economic theory describes three primary factors, or inputs, to the production of any good or service: land, labor, and capital. These factors facilitate production, but do not become part of ...

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 ...