Factors of Production (Resources)

Why is an entrepreneurial spirit considered a resource? Then, the entrepreneur combines the other three production factors (land / raw material, capital and labor), thus enabling production

Why is not money considered a resource of economics? What is the difference between economic capital and financial capital?

In economics, factors of production, resources, or inputs are the factors used to produce output in the production process, ie finished goods and services. Utilization of various inputs determines the amount of output based on relationships called production functions. Production has three basic resources or elements: land, labor force, and capital. These factors are also often displayed as "production of goods or services" to distinguish them from goods or services purchased by consumers, which are often labeled "consumer goods". In order to produce goods, it is necessary to combine all three.

Production factors (also called production inputs) are basically the inputs required for companies to provide products and services. There are mainly three types of production factors: natural resources, human resources and capital resources. Sometimes these three categories are called land, labor, capital. In many textbooks, the entrepreneurial spirit (ability to organize these factors) is often categorized as a different kind of factor. Natural resources are a natural gift to our society. In other words, these inputs are collected or extracted by companies from the natural world. Examples of natural resources include land, energy (fossil fuels and coal), non-energy (copper and iron ore) and environmental resources (water, air, etc.).