In a competitive market, the payment to each factor of production equals its value of marginal product. |
The interest box is a purely tax measure, which regulates tax pressure on capital as a factor of production. |
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. |
They must not, therefore, be treated like any other factor of production. |
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. |
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. |