Traditional Culture Encyclopedia - Traditional virtues - What are the traditional factors of production?
What are the traditional factors of production?
Land, labor, capital. In traditional economics, land, labor and capital are the three elements of production, namely the means of production. Means of production refer to the resources or tools that laborers need to use in production, and are the necessary material conditions for material production in any society, including land, factories, machinery and equipment, tools and raw materials.
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