What are four major categories of economic resources?

The four major categories of economic resources are land, labor, capital, and entrepreneurship. Land refers to Natural Resources such as water, minerals, and forests. Labor represents the physical and mental effort put forth by individuals to produce goods and services. Capital includes man-made resources like machinery, buildings, and technology used in production. Entrepreneurship involves the innovation, risk-taking, and organization of other resources to create new products and services.