week 13 chapter 9 .Economic theory recognizes four factors of production . They are land, labor, capital and entrepreneurship . 经济学理论认为有四种生产要素, 它们是: 土地, 劳动力, 资本和企业家能力。 In a wide sense, the term“land”embraces all natural resources on, above and below the earths surface , and all rivers, lakes and seas . In a narrower sense , it is the site of the building or factory where workpeople are brought together . It becomes a fixed asset with a very high value in exchange in or near town areas, and quite often it forms a major part of the original capital investment of a new business . The term“labor
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