factors of production

*noun*; term coined by Adam Smith (1723-1790) to refer to things used to produce other things. Usually people refer to four factors of production:
1.labor (not the same thing as workers); a worker can work more or less hours per week, and can exchange her labor for payment
2. capital; includes tools, machinery, plants and fixtures, seed corn, etc. Adam Smith distinguished between inventories, which he called circulating capital, and tools, which he called fixed capital;
3. land; understood as a specific area on the earth's surface, but sometimes incorporates the natural productivity or mineral resources as well;
4. entrepreneurship; sometimes lumped with capital. Includes the combination of skills required to start a business.

Different economic systems vary in their view of who should own the factors of production. In capitalism, this would be private individuals; in communism, it would be a collective. In the Marxist transition to communism, it would be the state.

by Abu Yahya March 3, 2009

de facto slavery

When residents of a country are free to work or not work however due to their situation and money hardships they are forced to work in government created jobs which are usually not pleasant and do not pay well

A great example of de facto slavery is the "free trade zones" in Jamaica... set up by the United States government and companies like Tommy Hilfiger where Jamaican citizens were forced to work and taxed heavily. Even though the United States government created the free trade zone they pay the Jamaican workers in Jamaican money which is at less value than U.S. currency.

by Zar71 September 20, 2006

Duh Factor

slang, adj. A symptom following being pointed out the obvious. Also known as having a blonde moment. Synonyms: pwned, OSHUNED!, blonde moment

Person 1: Say, what can you tell me about Weapon Breaks in an RP Battle?

Person 2: Weapon Breaks? Breaking people's weapons.

Person 1: Oh.

{In this case, Person 1 would be feeling the "Duh" Factor

by SaturnAngel November 14, 2003

filth factor

An international version of the Scandinavian "Fultal", literally: "Ugly Number". Simply the amount of partners a person has slept with, multiplied by the difference in age between the youngest and oldest.

Ex. 15 partners, youngest born 1985, oldest 1975, filth factor of 150.

- Karen spent the night at that 65 year old's place.

- Oh my god, her filth factor must have gone through the roof!!

by Carl Philip March 11, 2008

The Skye Factor

being fine with someone you have feelings for having sex with anybody, but gettin shitty if they hav sex with your friend that you are close with and has had sex with at least 20 different people

Friend 1:Dude, Lauren doesnt even care that Jake hooked up with a ton of girls so far this summer, even though she likes him, but she flipped out when she heard that him and her friend Skye were gunna hook up,

Friend 2: Dude, must be The Skye Factor

by Jonny Appletree July 5, 2009

fuck you factor

When you drop everything and go on holiday for a time out

Fuck you factor is when things are going bad that you need a time out

by H001 December 23, 2014

couldn't organize a fistfuck in a glove factory

Extremely disorganized, incompetent, or completely lacking in managerial or personnel skills. Often results in a jug fuck or clusterfuck. Is related to the peter principle.

Traditionally used in military/business culture.

"Bob's putting together the presentation for Biggie Corp? Aw shit, he couldn't organize a fistfuck in a glove factory."

by CodeSmith May 28, 2009