noun
factor of production
Economic term referring to inputs used in the production of goods or services, such as land, labor, and capital.
経済学では、生産要素として土地、労働、資本が挙げられる。
In economics, land, labor, and capital are cited as factors of production.
生産手段 (means of production) refers more to the physical tools and facilities used in production, while 生産要素 is a broader economic concept including labor and land.
Compound of 生産 (production) and 要素 (element, factor). The term is a direct translation of the English economic concept 'factor of production'.