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Real Estate Glossary

Factors Of Production

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Written by Luis Escobar

These are the rudimentary input needed for the construction of a good or service. They include land and land-based resources, capital, labor or human input, and technology that normally includes production methods as well as skills such as management, operation, and entrepreneurship.

These are the rudimentary input needed for the construction of a good or service. They include land and land-based resources, capital, labor or human input, and technology that normally includes production methods as well as skills such as management, operation, and entrepreneurship.

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Luis Escobar

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