Abstract
Firms are the units which buy and hire productive resources in order to produce goods and services. The classical economists’ classification based on physical characteristics – land, labour, capital and organisation – has weaknesses, e.g. compartments overlap. But modern economists still use the classification to distinguish special characteristics useful for analysis
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© 1994 Jack Harvey
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Harvey, J. (1994). How to Produce – the Theory of Production. In: Economics Revision Guide. Palgrave, London. https://doi.org/10.1007/978-1-349-13313-0_6
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DOI: https://doi.org/10.1007/978-1-349-13313-0_6
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-60195-2
Online ISBN: 978-1-349-13313-0
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