Mention 4 factors of production and their rewards.
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It is the reward for entrepreneurship. In summary, the rewards to the factors of production are: rent for land, wages for labour, interest for capital, and profit for enterprise. Because goods and services are scarce they have a value. To get these goods or services we must sacrifice something, usually time and money.
Thanks
Azzy
If helps mark as brainliest
It is the reward for entrepreneurship. In summary, the rewards to the factors of production are: rent for land, wages for labour, interest for capital, and profit for enterprise. Because goods and services are scarce they have a value. To get these goods or services we must sacrifice something, usually time and money.
Thanks
Azzy
If helps mark as brainliest
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