threalone threalone

20-09-2019
Business

contestada

What is the reward for owning each factor of production?

Respuesta :

Zookstar Zookstar

20-09-2019

Answer:

rent for land, wages for labour, interest for capital, and profit for enterprise.

Explanation:

Because goods and services are scarce they have a value. To get these goods or services we must sacrifice something, usually time and money.

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