Name the payments made by the farmer to the factors of production?
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Answer:
The payment made by farmers to the factprs of production is labour
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1
Answer:
The payments made by the farmer to the 'factors of production' are Capital, Land, Labour, and Entrepreneurs.
Explanation:
A factor payment means a payment in return of services of the factor of production like land, labor, capital in the form of wages, interest, rent, and profit.
While the 'transfer payments' are those 'payments that are earned' even without giving any service.
The transfer payments are not included by the government in the national income.
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