Factors of production

Japanese: 生産要素 - せいさんようそ

The total amount of goods and services that a company inputs into its production activities. This includes the primary production factors of labor, capital, and land, as well as raw materials and entrepreneurial capabilities. Companies use and transform these factors using a certain production technology to produce products, and the mathematical expression of the relationship between these production factors and products is the production function. The ratio of output to the input of each production factor is called productivity.

Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:

企業が生産活動に投入する財貨・サービスの全体。〈第１次生産要素〉である労働，資本，土地をはじめ，原材料，企業者能力など。企業は一定の生産技術のもとでこれらを利用・変形して生産物を生み出すが，この生産要素と生産物との関係の数学的表現が生産関数。また各生産要素の投入量に対する産出量の比率を生産性という。

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