Which factor of production earns the most income in the U.S.economy?
A) labor
B) capital
C) land
D) entrepreneurship
E) government

Question

Quizplus · Accepted Answer

In the U.S. economy, labor earns the highest income among the factors of production. According to the Bureau of Labor Statistics, as of August 2021, the average hourly wage rate for workers in the private nonfarm sector was $30.73, which suggests that labor is compensated more than capital, land, entrepreneurship, and government.

Which Factor of Production Earns the Most Income in the U.S.economy