Economy, asked by prithvirajkalel233, 4 hours ago

23. What are the four factors of production? Mention their rewards.
Ans: a) land = rent
b) labour = wages
c) capital = interest
d) entrepreneur = profit

Answers

Answered by tikafifa

2

Answer:

The four factors of production are :

(i) Land,

(ii) Labour

(iii) Capital

(v) Entrepreneur.

Their remuneration takes the form of

(i) Rent

(ii) Wages

(iii) Interest

(iv) Profit

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