Factors of Production:

The factors of production or inputs that are used to produce goods and services are classified into land, labour, capital and entrepreneurship.

 Land

Land is the natural resource used in combination with the other resources to produce goods and services. Land includes the soils as well as all other resources that have been provided by nature (the water bodies, forest resources, etc). the price we pay to use land is rent.

Land is gift of nature, fixed in supply, geographically immobile (i.e. cannot be moved around) but may be occupationally mobile (its usage can be changed).