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Question

Which of the following is included in factor payments?


A
Rent and also royalty
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B
Interest
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C
Profits
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D
All the above
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Solution

The correct option is D All the above

Factor payments include Interest, Profits, Rent and also royalty

There are generally four factors of production labour, capital, land and entrepreneurship. Labour gets wages and salaries, capital gets interest, land gets rent and entrepreneurship gets profit as their remuneration.


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