fixed factor input

a FACTOR INPUT to the production process that cannot be increased or reduced in the SHORT RUN. This applies particularly to capital inputs such as (given) plant and equipment. See VARIABLE FACTOR INPUT, RETURNS TO THE VARIABLE FACTOR INPUT, FIXED COSTS.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

Mentioned in

average physical product
constant returns
diminishing returns
fixed costs
marginal physical product
shift system
short run
total physical product
variable factor input

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