Question

The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic ...

Answer 1

The correct answer to this open question is the following.

Unfortunately, it seems that you miss the question. Here we just have a statement explaining the factors of production. But, what is your question? What do you want to know?

Trying to help you with something, we can comment on the following.

These four factors are important components of the Capitalist economy in the United States, where committed hard work and perseverance are required to be a successful businessman. Those factors of production are necessary in order to create something, to create goods, and to sell them to create a profit.

Nowadays, technology is another key component in entrepreneurship that facilitates the processes and increases efficiency and productivity in the workplace.