The four factors of production are:

• Land : This includes natural resources and physical land used in production, such as agricultural land, minerals, water, and real estate. Land provides the raw materials needed for goods and services

• Labor : The human effort used in producing goods and services, including physical and mental work by employees, skilled workers, and professionals. Labor is compensated through wages and varies by skill level and training

• Capital : Physical and financial assets used in production, such as machinery, tools, buildings, and funds invested in production. Capital enhances productivity and operational efficiency

• Entrepreneurship : The initiative and risk-taking ability to organize the other factors of production and innovate. Entrepreneurs drive economic growth by creating businesses and bringing new ideas to market

Together, these factors are the essential inputs required to produce goods and services in an economy