As a factor of production, the reward for land is?
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Correct Answer: Option C
Explanation:
As factors of production, the reward for land is rent, capital is interest, labour is wages and salaries and entrepreneur is profit.
Rent is the reward for Land as a factor of production
As factors of production, the reward for land is rent, capital is interest, labour is wages and salaries and entrepreneur is profit.
Rent is the reward for Land as a factor of production