Wages, Rent , Profit, Loan. Spot the odd one out?
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Explanation:
profit. I think it may be
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Loan is the odd one out.
- Wages, rent, profit are incomes.
- Wages are paid to labour for their work.
- Rent is paid to the owner of the land, manchinery or any other capital which is required during the production process.
- Profit is the extra income that is earned on the sale of output.
- Whereas loan is a debt. When someone borrows money advances from financial or non financial institutions it is known as loan.
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