Factors of production include

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The factors of production are land, labor, capital, and entrepreneurship. These are the resources that are needed to produce goods and services in an economy. Land includes all natural resources such as forests, minerals, and water. Labor refers to the human effort required for production, including physical and mental effort. Capital refers to the tools, machines, and buildings used in production. Finally, entrepreneurship refers to the ability to organize and manage factors of production in order to create goods and services.

Factors of Production Include