________ is/are the payment for the ________ factor of production.

Question

Quizplus · Accepted Answer

Profit is the payment for the entrepreneurship factor of production, which involves taking the risk of starting and managing a business. Wages are the payment for labour, interest is the payment for capital, and rent is the payment for land or other natural resources used in production. Taxes are a transfer payment from households and businesses to the government, and not a payment for a factor of production.

________ Is/are the Payment for the ________ Factor of Production

Is/are the Payment for the Factor of Production