entrepreneurship is the term that is sometimes used to refer to factors of production.
entrepreneurship is the term that is sometimes used to refer to factors of production.
what term is sometimes used to refer to factors of production?
entrepreneurship
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factors of production are defined by german economist karl marx in his book "das kapital" as labor, subjects of labor, and instruments of labor: the term is equivalent to means of production plus labor. the factors of production are often listed in economic writings derived from the classical school as "land, labour and capital". marx sometimes used the term "productive forces" equivalently with "factors of production;" in "kapital", he uses "factors of production", in his famous preface to the "critique of political economy", he uses "productive forces" (that may depend on the translation).
means of production