What is the term for naturally occurring resources and materials used in production?

The term for naturally occurring resources and materials used in production is "land." In economics, "land" refers to all natural resources that are utilized in the creation of goods and services. This includes not just physical land itself, but also the raw materials that come from the earth, such as minerals, forests, water, and agricultural products. These resources are essential inputs for production processes across various industries.

Labor refers to the human effort that contributes to production, such as workers' physical and mental contributions. Capital encompasses the tools, equipment, and buildings used in the production of goods and services, including machinery and technology. Entrepreneurship involves the skills and initiative required to bring together the other factors of production to create and manage a business. Each of these factors plays a vital role in the production process, but only the term "land" specifically denotes the natural resources essential for production.