Question

identify the illustrations and eexplain it - Shabana paid her wages in factory ​

Answer 1

Concept : Factor Pricing.

Explanation : Theory of factor pricing refers to determining the factor rewards for land, labour, capital and entrepreneur in the form of rent, wages, interest and profit respectively. Shabana is an entrepreneur who has paid wages to its worker in a factory for production of goods and also paid interest on her bank loan in form of rewards to the factors of production.