Economy, asked by faithyetty6974, 5 hours ago

What is the total payments to factors of better bald inc

Answers

Answered by Shakambarikhantwal

Answer:

Factor payments include Interest, Profits, Rent and also royalty

There are generally four factors of production labour, capital, land and entrepreneurship. Labour gets wages and salaries, capital gets interest, land gets rent and entrepreneurship gets profit as their remuneration.

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