The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic ...

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These four factors are important components of the Capitalist economy in the United States, where committed hard work and perseverance are required to be a successful businessman. Those factors of production are necessary in order to create something, to create goods, and to sell them to create a profit.

Nowadays, technology is another key component in entrepreneurship that facilitates the processes and increases efficiency and productivity in the workplace.

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