Title: Distinguish among the factors of production.
Course: Principles of Business and Marketing (12051-18) > Section: Understanding the Role of Economics in a Global Economy

Distinguishing among the factors of production (i.e., economic resources) should include the following:

- Land—all materials that come from the earth
- Labor—all people who work to produce goods and services (tangible vs. intangible)
- Capital—the tools, equipment, buildings, and financing necessary to produce goods and services
- Entrepreneurship—the generation of ideas and assumption of risk