- Land (including all natural resources),
- Labor (including all human resources),
- Capital (including all man-made resources), and
- Enterprise (which brings all the previous resources together for production).
These factors are classified also as management, machines, materials, and money (this, the 4 Ms), or other such nomenclature. More recently, knowledge has come to be recognized as distinct from labor, and as a factor of production in its own right.
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