factor of production
Definition from Wiktionary, the free dictionary
- (economics) A resource used to produce goods and services, such as labor, land, or capital.
2013 June 22, “T time”, in The Economist, volume 407, number 8841, page 68:
- The ability to shift profits to low-tax countries by locating intellectual property in them […] is often assumed to be the preserve of high-tech companies. […] current tax rules make it easy for all sorts of firms to generate […] “stateless income”: profit subject to tax in a jurisdiction that is neither the location of the factors of production that generate the income nor where the parent firm is domiciled.
resource used for production