Natural resources required in the production process.
All the properties that belong to a company.
Basic elements used to produce and distribute goods and services.
The skills a business person requires to combine and manage successfully the other three factors and the ability to undertake the risk.
Any physical or mental effort for which a person is expecting a monetary reward.
The combination of the three factors in different proportions to obtain goods or services.
Entrepreneurship
Capital
Land
Factors of production
Technology
Labour
