Match the following factors of production with the associated payments made for these factors.

Rent

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Wages

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Interest

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Profits

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Solution

(i) Land receives rent.

(ii) Labour recieves wages (or salaries).

(iii) Capital accrues interest.

(iv) The entrepreneur is rewarded with the profits of the business entity.

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To which of the following factors of production does the payment of interest go to?

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