These are economic resources that are used for the production of goods. They are divided into 3 groups that is land, labour and capital.

Land : This comprises the surface of the earth which used for farming, natural resources, mineral resources, rivers, fishes etc.

Labor : This is human efforts both physical and mental which is geared toward the production of others goods and services. The reward to labor constitute salaries or wages.

Capital: This is use for the production of others goods or can be producers goods. Capital is divided into;

Seculating capital eg. Money

Fixed capital e.g Machines, buildings.

DISTRIBUTION

            This is a process from the manufacturer to the wholesaler, retailer who then sells to the final consumer. So the process of production can not be compilted until it reaches the final consumer.