Hello friends a fellow entrepreneurs, welcome to another episode of CORE CPAS and ADVISORS Podcast.  Factors of production are the inputs needed for creating a good or service, and the factors of production include land, labor, entrepreneurship, and capital. In capitalism, the factors of production are most often controlled by business owners and investors. Production costs refer to all of the direct and indirect costs businesses face from manufacturing a product or providing a service. Production costs can include a variety of expenses, such as labor, raw materials, consumable manufacturing supplies, and general overhead As in every week, we are really glad to have you here, and to not waste another second, valued in gold: Let´s Get Started!