Natural resources used to produce wealth are commonly referred to as "factors of production," which include land, labor, and capital. Land encompasses all natural resources found on Earth, such as minerals and forests. Labor includes the workforce and their skills, whereas capital refers to the machinery and tools used in production. Together, these resources contribute to the creation of goods and services, driving economic growth and productivity. Efficient utilization of these factors is crucial for sustainable development and wealth generation, influencing various industries and overall economic structures.