| The approach that we intend to take is to consider nature as a factor of production. |
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| In a competitive market, the payment to each factor of production equals its value of marginal product. |
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| It has modified international comparative advantages to a certain extent by making knowledge a very important factor of production. |
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| The interest box is a purely tax measure, which regulates tax pressure on capital as a factor of production. |
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| Social policy should be considered not merely as a factor of production but as a worthwhile value in its own right. |
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| They must not, therefore, be treated like any other factor of production. |
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| Labour is generally taken as a given factor of production, like land and other natural resources, rather than as a resource that has to be produced through human effort. |
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| Technical innovations, which yield advantages in terms of volume, accessibility, cost and use, make it possible to substitute knowledge for labour as the main factor of production. |
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| Land, in addition to being a factor of production, is associated with traditions that identify their sense of belonging and roots as expressed through the various cultural practices that bind each group together. |
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| I believe in fact that an excessive tax and social security burden, together with an over-regulated labour market, has encouraged use of capital as a factor of production to the detriment of labour. |
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| Since the capital is the only factor of production, there is no payment for any other factors and the value of the benefit thus corresponds to the total value added created. |
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| Information is increasingly considered as an essential factor of production and modern technologies have enabled dramatic advances in managing both data flows and data analysis. |
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| Alongside capital and environmental resources, labour is a key factor of production for any economy, and therefore one of the determinants of economic growth. |
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| Labour is the most widely available factor of production at the disposal of people throughout the world and the primary means by which they earn a living. |
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| The first factor of production is land, including any natural resource used to produce goods and services. |
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| Therefore, no factor of production can be exchanged, and there can be no money prices for factors of production. |
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| As wages fail to keep pace with inflation, labour as a factor of production becomes more affordable. |
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| The simplest measure of labour as factor of production is the number of employees. |
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| These act as a cheaper factor of production than is available to factories in richer countries. |
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| Instead of importing a factor of production, a country can import goods that make intensive use of that factor of production and thus embody it. |
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| This conclusion is based on evidence that relies exclusively on models without an accumulable factor of production. |
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| And whether the reduction in cost is occasioned by direct cash payments, or by an act of government reducing labor cost, capital cost, or the cost of any other factor of production is of no consequence. |
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| This downturn will continue to marginalize labor's position in an economy where the non-human factor of production, productive capital, is the factor that is exponentially becoming more productive, not labor. |
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| With constant returns to scale in production and perfect competition, the return to a factor of production is determined by its marginal productivity. |
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