Factors of production
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In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services. The utilised amounts of the various inputs determine
An advertisement for labor from Sabah and Sarawak seen in Jalan Petaling, Kuala Lumpur
CNT-FAI worker cooperative in Barcelona producing wood and steel products
Capital (economics)
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In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery us
Factors of production
…from one's own labor is wages. Labor can also be classified as the physical and mental contribution of an employee to the production of the good(s). Capital stock — human-made goods which are used in the production of other goods. These include machinery, tools, and buildings. They are of two types, fixed and…
A factory and its equipment are examples of capital goods.