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factor of production

noun
1.
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. 2014.
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British Dictionary definitions for factor production

factor of production

noun
1.
a resource or input entering the production of wealth, such as land, labour, capital, etc Also called agent of production
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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