Land, Labour, Capital and Entrepreneurship are the factors of production. Examples are Land, Labour in the form of employees, Capital like machinery used in different companies and industries are examples of factors of production.
There are four main factors of production in economics. These four are capital, land, labor and entrepreneurship. These are the inputs used for successful production.
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CAPITAL
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CAPITAL
A tow truck is an example of capital.
A farmers tractor is an example of capital.
A telephone system in an office complex is an example of production capital.