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Question
Match the following and select the correct option.
| Factor of Production | Reward of factor of production | ||
| (i) | Land | (A) | Wage |
| (ii) | Labour | (B) | Profit |
| (iii) | Capital | (C) | Rent |
| (iv) | Entrepreneur | (D) | Interest |
Options
(i) C, (ii) A, (iii) B, (iv) D
(i) A, (ii) C, (iii) D, (iv) B
(i) C, (ii) A, (iii) D, (iv) B
(i) A, (ii) C, (iii) B, (iv) D
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Solution
(i) C, (ii) A, (iii) D, (iv) B
| Factor of Production | Reward of factor of production | ||
| (i) | Land | (C) | Rent |
| (ii) | Labour | (A) | Wage |
| (iii) | Capital | (D) | Interest |
| (iv) | Entrepreneur | (B) | Profit |
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