A factor of production that occurs naturally in the form of real estate or organic assets.
Human service that contributes to the creation or distribution of goods or services.
Material assets in the form of money or machinery used as a factor of production.
Factors of production
Resources defined as land, labor, and capital that is necessary to produce output for the sake of profit.
An element that interrupts production of a firm or consumption by individuals.
Output strategy that incurs the least amount of cost.
Procedure of determining quantity and cost that yields the greatest profit.
Temporary period of time with least control over constraints when at least one element is fixed.