Meaning of factor of production | Babel Free

Definitions

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

Equivalents

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