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    Means vs. Factors of Production: Examples Factors of production are the inputs needed for the creation of a good or service, including labor, entrepreneurship, and capital. In essence, factors of production are equivalent to the means of production with the inclusion of labor. Thus, all factors of production have an element of means.
    www.simplypsychology.org/means-of-production-i…
    Productive forces are the union of human labor and the means of labor; means of production are the union of the subject of labor and the means of labor.
    en.wikipedia.org/wiki/Productive_forces
     
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    WEBJul 26, 2024 · Key Takeaways. Factors of production is an economic term that describes the inputs used in the production of goods or services to make an economic profit. These include any resource needed...

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