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factor of production

Noun CEFR C1

Definitions

A resource used to produce goods and services, such as labor, land, or capital.

Equivalents

4 more languages

Examples

“The ability to shift profits to low-tax countries by locating intellectual property in them[…]is often assumed to be the preserve⟳ of high-tech companies.[…]current tax rules make⟳ it easy for all sorts of firms to generate⟳[…]“stateless income”: profit subject to tax in a jurisdiction that is neither the location of the factors of production that generate⟳ the income nor where the parent firm is domiciled.”

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
See all C1 English words →

See also

factor out factor ring factor space factor VII factor VIII factorability

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