Factors of Production

Land, Labor, Capital, and Entrepreneurship

-Land is the natural resources we have

-Labor is the work we the people put in

-Capital is the man-made things we have

-Entrepreneurship is the will to create your own business

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Oil is one of the most valuable resources
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The men and women who work day in and day out is labor
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Human made things are a part of capital
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To take something and starting it from nothing is an example of entrepreneurship