<Ul> <Li> Land or natural resource--naturally occurring goods like water, air, soil, minerals, flora and fauna that are used in the creation of products . The payment for use and the received income of a land owner is rent . </Li> <Li> Labor--human effort used in production which also includes technical and marketing expertise . The payment for someone else's labor and all income received from one's own labor is wages . Labor can also be classified as the physical and mental contribution of an employee to the production of the good (s). </Li> <Li> The capital stock--human - made goods which are used in the production of other goods . These include machinery, tools, and buildings . </Li> </Ul> <Li> Land or natural resource--naturally occurring goods like water, air, soil, minerals, flora and fauna that are used in the creation of products . The payment for use and the received income of a land owner is rent . </Li> <Li> Labor--human effort used in production which also includes technical and marketing expertise . The payment for someone else's labor and all income received from one's own labor is wages . Labor can also be classified as the physical and mental contribution of an employee to the production of the good (s). </Li> <Li> The capital stock--human - made goods which are used in the production of other goods . These include machinery, tools, and buildings . </Li>

Name the four requirements for production of goods and services