The four factor of production

Definition- Production is the creation of utilities.

Something that produce.

1. Land – or nature-, a gift of nature

Land does not merely include the soil which is capable
of being cultivated but our whole material
environment including forest, mine, river, lake and
seas.
2. Labor- does not only include the work with hand in
which mere brawn is the principal consideration but
also work which required highest training, intelligence
and ability.
3. Capital- Produce good utilized to produce more
goods. Ex. Tool, machine, factories, barn, plow, work
animal.
4.Enterpriser-Enterpreneur/middle man- the one who
engage in business on their own