are four fundamental resources—natural resources, capital, human resources, and entrepreneurship—that both businesses and nonprofits rely on. a. Basics of living b. Terms of union c. Aspects of competition d. Factors of production
land: any natural resource used to produce or manufacture goods and service
labor: human work
capital: machinery, tools, buildings, equipment that labor uses to produce or manufacture goods and services
entrepreneurship: people that have the ability to combine the other three factors of productions and start to produce or manufacture goods and services
