What is the synonym of production?

manufacture, manufacturing, making, producing, construction, building, fabrication, assembly, creation.

What is the opposite of factors of production?

Opposite of the action of making or manufacturing from components or raw materials. destruction. wrecking. demolition. dismantling.

What is meant by a factor production?

Factors of production are the inputs needed for the creation of a good or service. For example, some economists define an entrepreneur as someone who goes about and utilizes these factors – land, labor, and capital – for profit.

What are two synonyms for Factor?

synonyms for factor

  • aspect.
  • circumstance.
  • component.
  • element.
  • influence.
  • part.
  • point.
  • thing.

What are examples of production?

Production is the process of making, harvesting or creating something or the amount of something that was made or harvested. An example of production is the creation of furniture. An example of production is harvesting corn to eat. An example of production is the amount of corn produced.

What production means?

Production is the process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). It is the act of creating an output, a good or service which has value and contributes to the utility of individuals.

What is another word for the 4 factors of production?

There are four basic resources or factors of production: land, labour, capital and entrepreneur (or enterprise). The factors are also frequently labeled “producer goods or services” to distinguish them from the goods or services purchased by consumers, which are frequently labeled “consumer goods”.

What are the factors of production examples?

Factors of production are the inputs needed for the creation of a good or service. The factors of production include land, labor, entrepreneurship, and capital.

What are main factors of production?

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

What is the word for Factor?

1a : something that actively contributes to the production of a result. b : a substance that functions in or promotes the function of a particular physiological process or bodily system. 2 : gene. Other Words from factor.

What is the antonym of Factor?

noun. ( ˈfæktɝ) One of two or more integers that can be exactly divided into another integer. Antonyms. insignificant dissuade integrate differentiate add multiply divide. prime factor integer whole number common factor common divisor.

How would you describe the factors of production?

Land. Land as a factor of production is sometimes also referred to as natural resources.

  • Labor. Labor as a factor of production refers to the human effort that is used in the production of goods and services.
  • Capital. Capital as a factor of production describes all man-made goods that are used in the production process.
  • Entrepreneurship.
  • What are four factors of production?

    The foundation of an economy is built on the four factors of production: land, labor, capital and entrepreneurship.

    What are examples of factors of production?

    The four factors of production are land, labour, capital and entrepreneur.Examples are Land, Labour in the form of employees, Capital like machinery used in different companies and industries are examples of factors of production.

    Which of the the four factors of production?

    Labor. The second factors of production labor is any human effort used productively (with an output of goods or services) for which payment is made. Honorary work and work for enjoyment are excluded Read More.