4 Factors of Production

4 Factors of Production
There are 4 factors of production. The 4 factors of production are land, labor, capital and enterprise. Factors of production are the things which are needed to make a product. It is the responsibility of the entrepreneur to manage the 3 factors of production in a way that maximum production can be generated. Entrepreneur is the person who is the related to enterprise and he has to manage land, labor and enterprise.