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Question

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


Your Answer
A
Rent
Your Answer
B
Wages
Your Answer
C
Interest
Your Answer
D
Profits

Solution

The correct option is
(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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