factor of production
noun
any instrument, agent, etc., employed in the production of goods and services.
Words nearby factor of production
factor iii,
factor in,
factor iv,
factor ix,
factor of adhesion,
factor of production,
factor of safety,
factor v,
factor vii,
factor viii,
factor x
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, etc
Also called: agent of production