Tuotannontekijöiden
Tuotannontekijöiden is a Finnish term that translates to "factors of production" in English. It refers to the fundamental resources used in the process of producing goods and services. Economists typically categorize these factors into four main types: land, labor, capital, and entrepreneurship.
Land encompasses all natural resources that are used in production. This includes not only the physical land
Labor refers to the human effort, both physical and mental, that is contributed to the production process.
Capital consists of manufactured goods that are used to produce other goods and services. This includes machinery,
Entrepreneurship represents the ability and willingness of individuals to combine the other factors of production to
Understanding the factors of production is crucial for analyzing how economies function, how wealth is created,