primary factor

Definitions

Economics

  • An input that exists as a stock providing services that contribute to production. The stock is not used up in production, although it may deteriorate with use, providing a smaller flow of services later. The major primary factors are labor, capital, human capital (or skilled labor), land, and sometimes natural resources.
  • synonymprimary input
http://www.dictionarycentral.com/definition/primary-factor.html