what are examples of the factors of production 
land refers to physical lands such as the acres used for a farm or the city block on which a building is constructed labor refers to all wage earning activities such as the work of professionals retail workers and so on entrepreneurship refers to the initiatives taken by entrepreneurs who typically begin as the first workers in their firms and then gradually employ other factors of production to grow their businesses finally capital refers to the capital goods needed to start or grow a business these can include things such as factory machinery tractors and computers basically any items needed to run a given business 