Factors of production is an economic term that defines the general inputs used for generating profitable goods and services. The factors of production consist of:
Land: <em>the land itself and the raw materials of the land.
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Labor: <em>workers performing both physical and intellectual tasks to keep a company going.
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Capital: <em>refers to the buildings, equipment, and tools used in the manufacturing process, including social and intellectual capital.
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Entrepreneurship: <em>provides creativity and innovation in the use of certain factors that help to maintain a successful company.</em>
