Factors of Production as it applies to internet businesses

Whether in real life or in on-line space, production is the basis of monietization. Production of goods, services or value is what people through-out history have used to exchange with money or whatever store of value is available at that point in time. I will look at the age-long four classic factors of production and how they apply to internet businesses in this rapidly evolving world. The four factors of production are Land, Labour, Capital and entrepreneurship.

In online space, land probably refers to the Internet as a whole. And just like in real life where land includes everything that comes with it(water, natural minerals etc) so is it in Online space where the internet comes with it's resources(information-lots and lots of it, Social media etc). Land is the most important factor of all as without it all other factors cannot survive.

.........To be continued