Factors of ProductionOnline version Identify all the correct examples of the factor of production. by Chris McCormick 1 Physical Capital 2 Labor 3 Land 4 Entrepreneurship man made parts robotics tools factories computer systems teenager at a cash register technician developing software plumber fixing a pipe pilot flying a plane natural resources such as oil or coal raw materials such as iron soybeans or cotton takes on risk of a new business organizes the factors of production has a new idea for a product or service