According the small business magazine the foundation of an economy is built on the four factor of production: land, labor, capital and entrepreneurship.
To understand how these factors apply to business, consider the story of an entrepreneur, Henry, who has an idea to make an evolutionary toothbrush that eliminates tooth decay.
Another point of view is: Resources required for generation of goods of services usually classified into four major groups: land, labor, capital and entrepreneurship.
Answer:
all the resources used to produce any goods and services
Explanation:
playto/edmentum
