The factors of production are the materials that make up the economy's foundation; they're what people use to make commodities and services.
Entrepreneurship pair option (1), land pairs with (2), capital pairs with option (3), and labor pairs with option (4) respectively.
What are the factors of production?
Land, labor, capital, and entrepreneurship are the four categories that economists use to classify the components of production.
Entrepreneurship is a strategy for planning, managing, and launching a new business.
- Matches with an idea for a car that runs on steam
Commercial land is real estate that is intended to be utilized for commercial or corporate purposes. In enterprises, the land is used to manufacture items.
- Matches with crude oil used to produce gasoline
Labor refers to the amount of mental and physical effort put in to produce goods and services in a market.
- Matches with workers building a house
A firm needs capital to function and manage its activities. Capital consists of machinery, such as production equipment, tools, and funds, all of which are required to generate things.
- Matches with a machine used by a tailor to stitch clothes
For more information about Factors of production, refer below
https://brainly.com/question/988852
