Answer:
Land, labor, capital, and entrepreneurship are the A. Factors of production
Explanation:
The factors of production are identified as the building blocks of the economy. These are the resources that are utilized by people to manufacture goods and services. Factors of production are factioned into four main classes:-
Land:
It is the fundamental factor of production. It not only includes land but also the resources we obtain from the land such as water, minerals, oil, coal, etc. Income generated from these resources is called Rent.
Labor:
It is the effort contributed by the people to produce goods or services. A worker, an artist or even an engineer comes under this category. Income generated is called Wages.
Capital:
It is the Manmade resource used to produce goods and services such as factories, machinery, etc. Income generated from these is called Interest.
Entrepreneurship:
Entrepreneur is the person who brings all the other resources together in one place. He/She uses innovation to create a product while knowing the risks.