What is Factors: Definition and 425 Discussions

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function. 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".
There are two types of factors: primary and secondary. The previously mentioned primary factors are land, labour and capital. Materials and energy are considered secondary factors in classical economics because they are obtained from land, labour, and capital. The primary factors facilitate production but neither becomes part of the product (as with raw materials) nor becomes significantly transformed by the production process (as with fuel used to power machinery). Land includes not only the site of production but also natural resources above or below the soil. Recent usage has distinguished human capital (the stock of knowledge in the labor force) from labor. Entrepreneurship is also sometimes considered a factor of production. Sometimes the overall state of technology is described as a factor of production. The number and definition of factors vary, depending on theoretical purpose, empirical emphasis, or school of economics.

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  1. I

    Which integers have exactly 3 distinct positive factors?

    [b]1. Which integers have exactly 3 distinct positive factors? Homework Equations [b]3. I would attempt this if I had any idea of what it meant. Can someone show me how to find one answer then I will find the other 2.
  2. R

    Calculating the h factors Arfken 2.1.3

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  3. B

    Electric Field Near Flat Metal Plate: Factors & Components

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  4. C

    Integrating Factors: Solving a DE Problem

    I am working on the following problem but I am apparently not applying the integrating factor correctly: The DE is: dy/dt = e^(-t/20) - (1/40)y I moved the last term to the left, giving dy/dt + (1/40)y = e^(-t/20). I had e^(t/40) as my integrating factor. Going in my (wrong) direction, I was...
  5. D

    How Do You Convert Units Using Given Conversion Factors?

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  6. G

    What factors determine the height, energy lost and frequency of bounces of a ball?

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  7. E

    Plotting Carbon Dioxide Concentration & Photosynthesis Rate on a Grid

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  8. maverick_starstrider

    Understanding Convergence Factors in Physics Textbooks

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  9. J

    Possible conjecture relating to factors and powers of 12

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  10. V

    Understanding Tire Dynamics - Factors & Dissipation

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  11. E

    Why does a map from simply connected space to U(1) factors through R?

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  12. S

    2 independent factors 1 outcome

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  13. D

    Dissociation of HCl in Ethanol: Factors Affecting Ability

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  14. K

    Symmetry factors (Srednicki, figure 9.11)

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  15. B

    Heat Transfer - View Factors

    1. A cube 1m on a side is located within a cube of 2m on a side. If the cubes do not touch, what is the view factor between the outer surface of the smaller cube and the inner surface of the larger cube? 2. View Factor = the proportion of all the radiation which leaves a surface "A" and...
  16. nukeman

    What factors make landing on Mars easier than on the Earth? Harder?

    Iv been watching the NASA guys work on the Mars lander on Ustream, and starting to really get into it. But I have a question: What factors make landing on Mars easier than on the Earth? Harder? And I am having a debate with a friend, maybe one of you can help. Which variables are important...
  17. E

    A question about factoring and factors

    say we have a number N=pq (known) and we only know the last digits of the two factors p and q ( the righter most digit of each factor ). Is-it possible to determine the other digits of the factors? If not, what is the minimum number of digits that should be known before the answer can be a yes?
  18. P

    Factors affecting the design of an efficient paddle wheel

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  19. C

    Form Factors of Elementry Particles

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  20. G

    Need help on conversion factors (physics)

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  21. M

    Factors of 4ab: List and Examples | Homework Help

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  22. G

    Factors Effecting Boil-Off of Liquid

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  23. 8

    Factors Affecting Friction Lab

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  24. G

    Compressibility Factors of Gas

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  25. C

    Multiple Linear Regression (2 factors, 1 output)

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  26. N

    Solving a determinant to give it's factors

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  27. D

    Solve for q: Polynomial Factors Homework

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  28. E

    What Factors Contribute to Aging and Death in the Human Body?

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  29. T

    Determining Magnet Strength: Formula & Factors Explained

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  30. T

    Factors influencing signal intensity in MRI

    hi there i was wondering if you could help me: • explain the factors influencing signal intensity in MRI this is one of the questions in my assignment i was wondering if you could please help me ASAP as I am completely confused!
  31. A

    C/C++ C++ : Program that gives u the prime factors

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  32. G

    What is the height of the smaller cylinder in this scale factor?

    Can someone please tell me if I have done this correctly? "2 cylinders are similar. The area of the ends of the smaller and larger cylinders are 16cm2 and 100cm2 respectively. The height of the larger cylinder is 12.5cm. Calculate the height of the smaller cylinder." Firstly, if the scale...
  33. N

    Partial fractions nth degree factors in the denominator

    Hello! Quick question reagrding partial fractions. When there is a factor such as (x+2)3 in the denominator, then the fraction is separated into the components (x+2)1+...+(x+2)3. I am not convinced I understand quite why this is so. Partial fractions guides all offer something on the theme...
  34. D

    Coefficient of restitution factors

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  35. G

    How to factor when no common factors?

    How can I foctorise / factor this given that 25 and 49 share no common factors? 25x2 - 49y2
  36. C

    Solving Structure Factors for Cesium Chloride & X-Ray Diffraction

    Homework Statement I have the ionic compound cesium chloride and have been asked to use the equation p(k) = (sum over j) exp(-iK.r)f(k) to find the structure factor for x-ray diffraction from cesium and explain why it can take two values. It also asks how you would expect the intensities...
  37. J

    Theory behind investigating factors affecting inductance

    Homework Statement Hello, I am currently doing an investigation to study the factors affecting inductance. The three variables i am using are the number of turns on the coil, the material of the core of the coil and putting 2 cores in series/parallel to see how this affects the inductance...
  38. J

    Find # Odd Factors of a Number: 1 to N

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  39. H

    Point-like particles, form factors

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  40. H

    What are the factors that cause lift?

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  41. W

    LAB: What factors affect a battery's performance?

    Homework Statement Okay, so in my Physics 2(high school) class the instructor gave us a lab without any instructions whatsoever even though we have only been covering electricity for 2 days. The question he posed to us was "What factors affect a battery's performance?" and we have to write up...
  42. V

    Symmetry factors in Feyman Diagrams

    Sorry I am spamming the forum, but I have yet another question on Feynman diagrams - Please see attached picture. Apparently the symmetry factor for this FD is 1 - I am trying to understand why. My notes explain that "the symmetry factor is 1 because: φ(x1) contracts to φ(y1) in 4 different...
  43. L

    Symmetry factors (Srednicki ch9)

    Hi, I'm not sure if I understand symmetry factors correctly or not. Looking at the second diagram in Srednicki's fig 9.1. The way I understand things is this corresponds to a number of terms in the expansion, that are algebraically different somehow, e.g perhaps one has a propagator like...
  44. J

    Factors affecting inductance experiments

    I am about to do an investigation on the 'factors affecting inductance.' It would be brilliant if anyone had any ideas on experiments I could perform to investigate the factors affecting inductance. Thanks for your time.
  45. C

    1 trillion as two factors

    Can anyone tell me how to factor 1 trillion in 2 numbers, and none of them have zeroes in them? Thanks.
  46. R

    Can someone help me understand the factors in the Breit-Wigner formula?

    (urgent) Can someone help me understand the factors in the Breit-Wigner formula? Hi, I have the BW formula as: \sigma = \frac{\lambda^2 (2J+1)}{\pi (2S_a+1)(2S_b+1)} \frac{\Gamma^2 / 4}{(E-E_R)^2 + \Gamma^2/4} So E_R: this is described as the 'resonance energy'. I'm pretty sure this is the...
  47. D

    Integrating Factors for Higher Order Differential Equations: Is There a Method?

    Is there a method of integrating factors for differential equations of power 2 or higher?
  48. E

    Product of unique prime factors

    Is there a name for product of the unique prime factors of a number? For example, for the number 12, it would be 3x2=6. Thanks.
  49. M

    Express x⁴ + y⁴ + z⁴ - 2y²z² - 2z²x² - 2x²y² as the product of four factors.

    Homework Statement Express x^4 + y^4 + z^4 - 2y^2z^2 - 2z^2x^2 - 2x^2y^2 as the product of four factors. 2. The attempt at a solution (x-y-z)(-x+y-z)(-x-y+z)(x+y+z)
  50. M

    Express as the product of four factors

    Homework Statement Express as the product of four factors Is this correct? a^6 - b^6 = (a - b)(a^5 + a^4b + a^3b^2 + a^2b^3 + ab^4 + b^3)
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