What are the factors of production?

Answer:
The five main factors of production are: land, labor, capital, natural resources, and entrepreneurship.

Examples of each:
Land- the land in which goods/services are produced
Labor- the mental/physical effort used to produce goods/services
Capital- includes machinery to produce and distribute goods/services (such as factories)
Natural resources- an ocean
Entrepreneurship- selling products door-to-door


**Correction**
There are Four factors of production not Five.

Land is a Natural Resource
First answer by Chanapa T. Last edit by Seantdstewart. Contributor trust: 0 [recommend contributor recommended]. Question popularity: 3 [recommend question].