PRODUCTION FACTORS

Laura Daniela Gómez Peláez

Universidad Cooperativa de Colombia

Evolución del pensamiento económico
Facultad de Ciencias Administrativas, Contables y Económicas
Aldemar Franco Montenegro

Villavicencio 2023

 01. THE EARTH

It comprises all natural resources that can be used in the production
process.
There are two types of natural resources:
Renewable: these are natural goods that can be replenished (air,
water, sun, etc.) since they are recycled and regenerated after use.
Non-renewable: those that cannot be replenished, such as oil, coal,
gas and metals.

02. THE LABOR

It is the physical or mental effort that people make to
contribute to the production of goods and services.
The person who works generates an economic income that
can be through a payment made by the company (salary) or

PRODUCTION the direct production of the benefits of his activity.

FACTORS 03. THE CAPITAL

This refers to all those assets in which an investment
The factors of production are has been made and which contribute to production,
for example, machinery, equipment, warehouses,
the inputs that a company or tools, etc. All these are used to produce other goods
an individual uses to produce or services.
other goods or services.
These factors are classified 04. TECHNOLOGY
into 4: It is the knowledge and techniques that the company applies
to its productive activity to make it easier and more efficient.
Nowadays, technology is the determining factor in the
competitiveness of companies that gives them a plus in
productivity, competitiveness, quality and quantity of product.

05. COMPANY
This factor brings together labor, capital and
land in order to seek an economic benefit. This
factor is in charge of good management of
resources in order to use them more efficiently.


Referencias
Bibliografía
Peña, L., & Rodríguez, A. (5 de Octubre de 2018). Billin. Obtenido de Billin:
https://www.billin.net/glosario/definicion-factores-de-produccion/
Roldán, P. N. (1 de Marzo de 2020). economipedia. Obtenido de economipedia:
https://economipedia.com/definiciones/factores-de-produccion.html
Software DELSOL. (s.f.). Software DELSOL. Obtenido de Software DELSOL:
https://www.sdelsol.com/blog/tendencias/factores-de-produccion/