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factor of production

noun

any instrument, agent, etc., employed in the production of goods and services.

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Based on the Random House Dictionary, © Random House, Inc. 2012.
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World English Dictionary

factor of production

—n
	Also called: agent of production a resource or input entering the production of wealth, such as land, labour, capital, etc

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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