Advertisement Remove all ads

Identify and explain the concept from the given illustration: Shabana paid wages to workers in her factory and interest on her bank loan. - Economics

Short Note

Identify and explain the concept from the given illustration:

Shabana paid wages to workers in her factory and interest in her bank loan.

Advertisement Remove all ads

Solution

Concept: Theory of factor pricing

Explanation:

The theory of factor pricing explains how the rewards are determined for various factors of production like land, labour, capital, and entrepreneur.

Concept: Macro Economics
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 1 Introduction to Micro and Macro Economics
Exercise | Q 3. (3) | Page 7
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×