________ earned the highest amount of income among the factors of production in the United States.

Question

Quizplus · Accepted Answer

Labor, or human effort and work, is typically the factor of production that earns the highest income in the United States. This is because skilled workers are in high demand in many industries and occupations, and their services can command high wages or salaries. Capital, or physical assets like machinery and buildings, can also earn income through interest and rent, but typically not as much as labor. Land and entrepreneurship can also earn income, but their contribution to the economy is often less visible and direct than that of labor. Investment, while important for economic growth, is not a factor of production but rather a source of funding for these factors.

________ Earned the Highest Amount of Income Among the Factors