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  2. Factors of production - Wikipedia

    en.wikipedia.org/wiki/Factors_of_production

    In contrast, many economists today consider "human capital" (skills and education) as the fourth factor of production, with entrepreneurship as a form of human capital. Yet others refer to intellectual capital. More recently, many have begun to see "social capital" as a factor, as contributing to production of goods and services.

  3. Associative economics - Wikipedia

    en.wikipedia.org/wiki/Associative_Economics

    For example: land, labor, and capital. The so-called ‘factors of production’ are seen as 'factors of price formation', essentially matters of right which simply border the economic realm on all sides. However, in the associative paradigm, these 'factors of price formation' do not fall into the hands of the state. Land is part of the commons.

  4. Physical capital - Wikipedia

    en.wikipedia.org/wiki/Physical_capital

    Physical capital represents in economics one of the three primary factors of production. Physical capital is the apparatus used to produce a good and services. Physical capital represents the tangible man-made goods that help and support the production. Inventory, cash, equipment or real estate are all examples of physical capital.

  5. Production (economics) - Wikipedia

    en.wikipedia.org/wiki/Production_(economics)

    The production process and output directly result from productively utilising the original inputs (or factors of production). [3] Known as primary producer goods or services, land, labour, and capital are deemed the three fundamental factors of production. These primary inputs are not significantly altered in the output process, nor do they ...

  6. Capital (economics) - Wikipedia

    en.wikipedia.org/wiki/Capital_(economics)

    In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. [1] A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a ...

  7. Circular flow of income - Wikipedia

    en.wikipedia.org/wiki/Circular_flow_of_income

    The firms then spend all of this income on factors of production such as labor, capital and raw materials, "transferring" all of their income to the factor owners (which are households). The factor owners (households), in turn, spend all of their income on goods, which leads to a circular flow of income. [20] [18] [22]

  8. Capitalist mode of production (Marxist theory) - Wikipedia

    en.wikipedia.org/wiki/Capitalist_mode_of...

    What is specific about the “capitalist mode of production” is that most of the inputs and outputs of production are supplied through the market (i.e. they are commodities) and essentially all production is in this mode. For example, in flourishing feudalism most or all of the factors of production including labor are owned by the feudal ...

  9. Growth accounting - Wikipedia

    en.wikipedia.org/wiki/Growth_accounting

    If capital's share in output is 1 ⁄ 3, then labor's share is 2 ⁄ 3 (assuming these are the only two factors of production). This means that the portion of growth in output which is due to changes in factors is .06×(1 ⁄ 3)+.01×(2 ⁄ 3)=.027 or 2.7%. This means that there is still 0.3% of the growth in output that cannot be accounted for.