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 … See more

In a knowledge economy, learning, research, development, innovation, ideas and creativity are the means of [knowledge] production; communication such as books, articles, videos disseminated both physically and digitally over the Internet … 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 … See more

• Capital (economics)
• Clause IV
• Factors of production
• Information revolution
• Gross fixed capital formation 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

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

Nolan P. K Lenski 2009 See more