Factors of Production

Land

• Resources that are used to make goods and services
• include fertile land,coal,water,forests... etc

Labor

• Hard work
• the effort that a person devotes to a task for which the person is paid

Capital

• assets are already-produced durable goods or any non-financial asset that is used in production of goods or services

Physical Capital

• Human made objects used to make goods and service.
• The factories, machinery and equipment owned by a business and used in production.

human Capital

• The knowledge and skills a worker gains through education and experince