The resource income earned by those who supply labor services is called

Question

Quizplus · Accepted Answer

Wages and salaries are the primary source of income for those who supply labor services. They are paid for their time and effort, typically on an hourly or salaried basis, and do not receive any profits or bonuses based on the success of the business. Stock options and bonuses are typically given to executives or shareholders, while profit is the income earned by the business after expenses are deducted.

The Resource Income Earned by Those Who Supply Labor Services