factors of production
land, labor, and capital the three things needed to produce a product: land, labor, and capital
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land, labor, and capital the three things needed to produce a product: land, labor, and capital
The reforms will also put the two systems of banking on equal terms in the two critical areas of liquidity and capital structures. However, to take full advantage of these opportunities the Islamic sector will also have to adopt other measures, including the development of standardized international products through organizations such as the recently established International Islamic Liquidity Management Corporation (IILM).
By Brandon Davies
Definitions of ’factors of production’ and meaning of ’factors of production’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’factors of production’ and other financial terms with our online QFINANCE Financial Dictionary.