Land, labor and capital goods
Labour Land Capital Entrepreneurship
Capital differs from land and labor primarily in that it is a man-made resource used to produce goods and services, whereas land and labor are natural resources and human efforts, respectively. Capital includes tools, machinery, and technology that enhance productivity, while land provides raw materials and labor encompasses the workforce. Additionally, capital can be accumulated and invested, allowing for growth and innovation, unlike land and labor, which are more fixed in nature.
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Land, Labor, Capital and Organization.
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