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In economics, labor is the general body of wage earners. In a more special and technical sense, however, labour means any valuable service rendered by a human agent in the production of wealth, other than accumulating and providing capital or assuming the risks that are a normal part of business undertakings. In classical economics, the three factors of production are land, labor, and capital.

Four Factors of Production - Khan Academy

Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. Learn how each of these are defined in this video.

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