theories of wage intrest rent and profit
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Distribution of national income is determined by factor payments (factor prices). Factor payments include rent, wages, interest and profit. The prices for factor of production depends upon demand and supply of that particular factor of production. ... There are three major factor of production Land, Labor, Capital.
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Distribution of national income is determined by factor payments (factor prices). Factor payments include rent, wages, interest and profit. The prices for factor of production depends upon demand and supply of that particular factor of production. ... There are three major factor of production Land, Labor, Capital.
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