agent of production

noun

1. another name for factor of production

Example Sentences

Any addition to or subtraction from the capacity of any agent of production tends to affect not only its own income, but that of all claimants.

From Project Gutenberg

The reward of any one agent of production, for example, labor, depends not only on its own part in production, but upon the contribution of all other factors.

From Project Gutenberg

As a matter of fact each group or agent of production receives, not what it must receive, 61 but rather what it manages to secure in the higgling of the market.

From Project Gutenberg

It is probable that the opportunities for the substitution of one type or group of labor for another type or group are more extensive and numerous than the opportunities for the substitution of one agent of production for another.

From Project Gutenberg

The gain of one group or agent of production may simply be another's loss.

From Project Gutenberg