The reward for land as a factor of production is
The correct answer is B. rent
Land as one of the factors of production has rent as a reward for ownership. This means as a land owner, you get paid rent on either a monthly or yearly basis for the use of the land for productive activities.
Previous question Next questionWhat is Exam without Practice? With our customizable CBT practice tests, you’ll be well-prepared and ready to excel in your examsStart Practicing Now
