Economists refer to the payment toward capital as

Name: Economists refer to the payment toward capital as
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

Economists refer to the payment towards capital as interest, which is the return on investment for providing funds for a project or enterprise. Rent refers to the payment towards the use of a physical asset such as land or building, wages are the payment towards labor, and profit is the surplus revenue after all expenses have been paid.

Economists Refer to the Payment Toward Capital as