________ earns the highest amount of income among the factors of production in Australia.

Question

Quizplus · Accepted Answer

Labour earns the highest amount of income among the factors of production in Australia. This is because labour is considered the most important factor of production and the demand for skilled labour is high. Entrepreneurs and investors also earn high income, but it is often through the profits they make from their business endeavors or investments. Capital, which includes machinery and equipment, earns a return in the form of interest or rent. Land earns income through rent or capital gains, but it is generally not as high as that earned by labour.

________ Earns the Highest Amount of Income Among the Factors