factors
i have factors
factors by brianna vela November 2, 2020
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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.
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.
factors of production by Abu Yahya March 3, 2009
Factors of Production
The factors usually used in process of production. In economically it tends to land ,labour ,capital and organization etc.
Factors of Production by Man² August 1, 2018
Socioeconomic factors
Black people
Common roundabout way of talking about black-on-X crime and its perpetrators, while shifting blame on "socioeconomic factors" and "systematic racism forcing people to do X".
Common roundabout way of talking about black-on-X crime and its perpetrators, while shifting blame on "socioeconomic factors" and "systematic racism forcing people to do X".
Recently a slew of jewelry stores in New York City got robbed, socioeconomic factors are blamed for this spike in theft.
Socioeconomic factors by freethememes September 27, 2022
fudge factors
1. Science - Variables that have no basis in the (heuristic model of the) model, used to fit the model's behaviour to whatever it is supposed to model.
Example: If you want to model the fall time of a stone in the atmosphere, you start with the law of gravity and find it does not give the right fall time, so you first add air friction as a variable.
So far so good, but as you will soon find out that for a particular stone, the friction factor does not only depend on dimensions of the stone. It may also depend on surface roughness, air pressure at the time, water content in the air, iron content of the stone etc.
Despairing to model all these, you add an unexplained variable that you can use to adjust the outcome of the modelling to (aka "calibrating" or "fine-tuning" the model) the observed behaviour.
2. Business - The same as the above, but then applied to economic models and scorecards. Also known in the latter case as 'Management Adjustment'.
Example: If you want to model the fall time of a stone in the atmosphere, you start with the law of gravity and find it does not give the right fall time, so you first add air friction as a variable.
So far so good, but as you will soon find out that for a particular stone, the friction factor does not only depend on dimensions of the stone. It may also depend on surface roughness, air pressure at the time, water content in the air, iron content of the stone etc.
Despairing to model all these, you add an unexplained variable that you can use to adjust the outcome of the modelling to (aka "calibrating" or "fine-tuning" the model) the observed behaviour.
2. Business - The same as the above, but then applied to economic models and scorecards. Also known in the latter case as 'Management Adjustment'.
1. I don't like experimental physics: too many fudge factors. Where is the predictive value in that?
2. We were pretty much on target last year until the wankers upstairs decided to apply a management adjustment.
2. We were pretty much on target last year until the wankers upstairs decided to apply a management adjustment.
fudge factors by Solitary Dolphin July 26, 2006
elongation factors
The measure of attractiveness of a female. A negative number demotes the recoliation of the testicles into the body cavity.
elongation factors by Matt, John, Andrew May 13, 2005