Industrial Machinery

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Industrial Machinery

Industrial machinery is a group of devices that operate inside a business activity engaged in the manufacture of physical goods. A factory transforms physical inputs into a product. Industrial machinery is an essential factor or production in a factory.

Industrial machinery is an example of a factor of production that in the past was an output from the production process. Industrial machinery can be used to produce production factors or final goods.

Examples of industrial machinery are:
- Lathes
- Cranes
- Industrial Furnaces
- Industrial Robots
- Packaging machines
- Assembly line devices

The classic classification of production factors, states that we can group the into:
- Labor
- Land
- Capital

Industrial machinery belongs to the capital production factors. Other examples of capital are:
- Buildings
- Office equipment
- Computers
- Roads
- Automobiles, Planes, Trucks and Ships
- Cranes
- Robots

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This content is for information and educational purposes only and should not be considered investment advice nor portfolio management. Past performance is not an indication of future results. Leveraged products can carry a high degree of risk.
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