What are the four factors of production?

Factor of Production (Factor of Production) refers to the various economic resources used in production. Western economists divide these resources into: 1. Labor (Labour): refers to the labor provided by the laborers in the production process, including physical labor and mental labor. 2. Land (Land): land in economics is a broad concept, including the land and all kinds of natural resources on the ground, that is, not only includes the soil land, but also includes mountains, rivers, forests, minerals and other natural resources, land can provide a place for production, raw materials and power. 3. Land can provide production sites, raw materials and power. 3. capital (Capital): refers to capital goods or investment goods, that is, the production process used in the production of a variety of equipment. The above is the traditional three elements of production in Western economics, and later Marshall in his book "Principles of Economics", and added a factor of production that entrepreneurial talent, the development of "four elements of production".