Land:___________:: Labour::Wages *
1)Rent
2)Interest
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Answer:
rent
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1) Rent
Land Rent Labour Wages
Explanation:
- Labour is a factor of production. The production process involves the amount of work done by the laborers.
- As a return for their work is done they get wages.
- Similarly, the land is a capital, which is again a factor of production. It can also be referred to as an asset.
- Being working on land we need to return something in the form of rent.
- Hence, the land earns rent and labor earns wages.
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