By factors of production we mean goods that are transformed into new goods in the production process. Goods can be used or consumed.
Brief description
These utility goods in the production process can be divided mainly into operational and disposable factors. They can be further distinguished from an economic and sociological point of view.
Among the dispositional factors, we distinguish between all strategic-operational and planning activities that are used in the enterprise (intangible activities). Operational factors represent all tangible goods and achievements in terms of labor, operational means or machinery.