The four factors of production that produce goods and services are

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Quizplus · Accepted Answer

The four factors of production are labor, capital, land, and entrepreneurship. Labor refers to the physical and mental work done by people, capital refers to the tools, equipment, and resources used in production, land refers to the natural resources used in production, and entrepreneurship refers to the organization and risk-taking involved in starting a business. Money, machinery, investment capital, stocks, and bonds are all related to these four factors of production but are not themselves factors of production.

The Four Factors of Production That Produce Goods and Services