Factors+of+Production+and+their+Payments

=Land= =Labor= =Capital= =Entrepreneurship=
 * The limited supply of natural resources.[[image:file:///Users/aerrigo1/Desktop/land-shepton-mallet.jpg]]
 * Land is paid for using rent.
 * The interaction of male and female workers (human resources) with either of the other two resources in order to create something.
 * Laborers are paid in wages.
 * A tool that is used to create a good or service while not being consumed itself (although it may lose monetary value)
 * Capital must be paid interest for its use.
 * The creative and innovative person that comes up with an efficient way to combine the other three factors in order to create an economic good.
 * Entrepreneurs receive profit for their efforts.