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The factors of production involves taking risks and combining resources to produce a good or service are know as entrepreneur's

Factors of production are resources that serve as the foundation of the economy; they are what people employ to create commodities and services. Economists split production inputs into four categories: land, labor, capital, and entrepreneurship.

Land encompasses any natural resource used to generate goods and services; anything derived from the land.

Labor is the work that people put in to produce commodities and services.

Capital refers to the technology, tools, and structures that humans employ to produce products and services.

An entrepreneur is someone who profits by combining the other sources of production - land, labor, and capital. Entrepreneurs  invent innovative methods for producing goods and services or develop new items and services to bring to market are the most successful.

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