From the perspective of a firm, a firm uses its capital goods, which are also known as tangible assets as they are physical in nature. Unfinished goods are transformed into products and services in the production process. … See more

In a knowledge economy, learning, research, development, innovation, ideas and creativity are the means of [knowledge] … See more

The analysis of the technological sophistication of the means of production and how they are owned is a central component in the Marxist theoretical framework of historical materialism and in Marx's critique of political economy, and later in See more

The means of production of the firm may depreciate, which means there is a loss in the economic value of capital goods or tangible assets (e.g. … See more

Factors of production are defined by German philosopher Karl Marx in his book Das Kapital as labor, subjects of labor, and instruments of labor: the term is equivalent to means of … See more

• Capital (economics)
• Clause IV
• Factors of production See more