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. S

    Factors affacting time period of pendulum

    Hello everyone Can anybody could please help me in the pendulums? i just wanted to know how a simple pendulum executes simple harmonic motion and what are the factors that could affect the time period of a simple pendulum
  2. M

    Argument on factors determining a game's outcome

    premise : i do not know all the factors determining a game's outcome conclusion : i do not know the outcome of the game between Man U and Milan tonight i want to ask 1. What kind of argument is the above? (is it a deductive argument?) 2. How good it is?
  3. S

    Factors that govern the diffraction of electromagnetic waves

    What are the factors that govern the diffraction of electromagnetic waves. Why is it that ordinary light diffracts so much while laser is so precise. Does it have to do something with the monochromatic character of laser?
  4. M

    Factors Affecting Ribbon Cable Performance

    Can someone give me some examples of factors that affect the performance of ribbon cable please.
  5. C

    Deciding College Major: Balancing Interests & Abilities

    I'm currently a sophomore in college and still have not declared a major to pursue. The problem is that I cannot decide which factors in my decision making should bare the most importance in my final decision. There are so many things in life that interest me; however, a lot of the things that...
  6. S

    What are the factors that cause mutation?

    Mutation is one of the important factors to cause evolution, but besides radiation, what cause mutation to happen? Is it happen naturally?
  7. D

    Two unknwon factors in this stoichiometry problem

    Can someone help me with this? What volume, cm³, would 36.25g of C_4H_1_0 occupy at 85.20 kPa and 108 celsius? So I am assuming i should use the ideal gas equation, PV = nRT, and isolate V so i get: V=\frac{nRT}{P} heres where I am stuck, how do i solve for "n" when only...
  8. A

    Maximizing Experiment Yield: What Factors Matter?

    How can you improve the percent yield of an experiment? I'm not even sure what affects the percent yield. Please help.
  9. L

    Factors deciding oligo length ?

    Hi! All, Here's a specific question I need to address in a Microarray project. 1) Different companies have oligos (oligonucletides) with different lengths. My understanding is, the oligo length should be sample specific. However a glance at company websites tells me that each one has come...
  10. E

    Solving a Java Program that Prints Prime Factors of Numbers

    Ok, I posted this in the software forum a this afternoon, but I guess all the java gurus are on vacation. So I thought I'd post it here. This is my problem: Ok, I have a new problem. This time I'm trying to make a program that prints all the prime factors of a given number and the 29...
  11. D

    Hello Everyone! Solving Factors: Simplifying Algebraic Fraction

    Hi! I'm new to those forums, so I just want to say "Hello everbody!". To my question: How can I simplify \frac{\frac{1}{x+\Delta x}-\frac{1}{x}+ \frac{1}{x^2}\Delta x}{\Delta x} I've spent some hours on google, but no result. Just tell me the name of the method and I'm really gratefull!
  12. D

    Solve a Problem: Find a Whole Number w/ Sum of 2 Largest Factors = 340

    Find a whole number for which the sum of its two largest factors is 340. pls offer help ... what method can i use to slove such a problem??
  13. K

    Convergence of a series based on reciprocals of prime factors of 2 & 3

    i don't even know where to start and i hate series. if someone could get me stared that would be great help. thanks The terms of this series are reciprocals of positive integers whose only prime factors are 2s and 3s: 1+1/2+1/3+1/4+1/6+1/8+1/9+1/12+... Show that this series converges...
  14. K

    Reciprocal Series of Positive Integer Factors: Convergence & Sum

    The terms of this series are reciprocals of positive integers whose only prime factors are 2s and 3s: 1+1/2+1/3+1/4+1/6+1/8+1/9+1/12+... Show that this series converges and find its sum. this is my first time writing here. i hope someone can help me with this question.
  15. F

    How do I find the values of A, B, and C in a polynomial with the given factors?

    3x^2 + 4x + C \equiv A(x + 1)^2 + B(x + 1) + 7 Find all values of A, B and C. Could someone teach how to do this?
  16. B

    Unexpected Enviromental factors On Enzyme Activity?

    Hi all, I am currently a college frosh taking cellular biology lab. In lab we did an experminet to measure how tempature effects enzyme activity. We put 1 mL of B-galactosidase (when a certain substrate is added to this enzyme, a yellow liquid (product) is formed). Then we use a Spec-20 to...
  17. S

    Factors affecting cellphone signals

    I am currently studying an International Baccalaureate Physics course, and I am currently in my first year of study (i.e. I'm 16). As part of this, I am doing a presentation on cellphones; not my decision, but to get to the point: If anyone could refer me to some information detailing which...
  18. S

    Factors affecting mobile phone signals

    I am currently studying an International Baccalaureate Physics course, and I am currently in my first year of study (i.e. I'm 16). As part of this, I am doing a presentation on cellphones; not my decision, but to get to the point: If anyone could refer me to some information detailing which...
  19. P

    What Factors Determine Nipple Head Shape?

    Hi, Just out of curiosity. We all know that women have different nipple heads.(Actually guys do too). What is the key determinant here? From mom? Dad? And is there a majority kind of nipple head for different kind of people? I know asian girls tend to have "petite" nipples and most...
  20. T

    Serial Killers: What factors cause them to BE?

    Is it possible for a baby to be born with the Genetic makeup that will cause that child to grow into being a serial killer? Possible but probably not very probable. Did a lousy childhood bring this behavior about? Good possibility. But what could be other causes to bring about such an...
  21. D

    Factors involved in water evaporation?

    Does anyone know the formula that describes the evaporation rate of water? I'm assuming it involves temperature, dew point, relative humidity and other factors. Thanks in advance.
  22. B

    Modeling Planetary Temperature for an Online Game Using Limited Factors

    I'm trying to model the possble average world temperature for any given day of the year, for planets at varying distances from a star and composed of multiple materials in different quantities for an online game I'm helping develop. basically each planet's composition is simplified to land...
  23. Q

    A query that has only got two different prime factors

    Yes, ofcourse, a primenumber is a number that can only be divided with itself and 1. But what do you call a query that has only got two different prime factors? 9 has got the factors 9, 3 and 1. But has only two different prime factors. 9 = 3*3, so the query has got the prime factors 3 and...
  24. M

    What are factors that effect static friction?

    What are factors that effect static friction? I know that mass has an effect and the surface area has no effect, but what are others that have an effect on static friction and that you would think have an effect even though they dont?
  25. A

    News Uncovering the Pretexts of War: Investigating Political Factors Behind Iraq Invasion

    In both England and Australia, various political factors are trying to instigate investigations into all that mumbo-jumbo crap the governments spewed to drum up war-fever prior to the USA's invasion of Iraq. The general public (most, at least) knew all along that it was all crap, but the...
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