What is another word for factor of production?
Pronunciation: [fˈaktəɹ ɒv pɹədˈʌkʃən] (IPA) 
The term "factor of production" is frequently used in the field of economics to refer to the key resources required for the production of goods and services. These factors are usually divided into four categories: land, labor, capital, and entrepreneurship. However, there are several synonyms for the term that are commonly used in different contexts. These synonyms include inputs, resources, factors, elements, components, and ingredients. Each of these words implies a slightly different meaning and usage, but they all relate to the basic idea of what is needed to produce something. By understanding these synonyms, economists and business professionals can better communicate and analyze the factors of production involved in various industries and market sectors.
