The four factors of productions are
1. Land It is a free gift of nature and it is called as natural, original or primary factor of production.
2. Labour It is a person engaged in some physical work it is the human factor of production.
3. Capital It means wealth, money or income which is invested in business it helps in the production function.
4. Entrepreneur It is the work of an entrepreneur to bring the required factors together and work harmoniously.
The remuneration to them are as follows
1. Land Rent is a reward for the use of land.
2. labour Wages are the reward for a labour.
3. Capital Interest is the reward for capital.
4. Entrepreneur Profit is the reward for an entrepreneur.