Specific factor of production
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Specific factor of production is a "factor of production", which has value in the production process of only one particular type of economic good or service and which is thus valueless for the production of anything else. An example would be a machine for wrapping razor blades which could not be used for anything else.[1]
References
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-23.
