STOCKS INCLUDING land, labor (the ability to work), and capital goods applied to production. Many economists today consider human capital (skills and EDUCATION) as the fourth factor of production, with entrepreneurship as a FORM of human capital. In markets, entrepreneurs combine the other factors of production, land, labor, and capital, in order to make a profit. Often these entrepreneurs are seen as innovators, developing new ways to produce and new products. In a planned economy, central planners DECIDE how land, labor, and capital should be used to provide for maximum benefit for all citizens.