KimTravelstead
KimTravelstead KimTravelstead
  • 14-07-2015
  • Social Studies
contestada

What is income paid to the owner of land, labor, or capital in return for productive service called?
a. currency
b. revenue
c. factor payment
d. opportunity cost

Respuesta :

Greenleafable
Greenleafable Greenleafable
  • 14-03-2017
A wage, interest, rent, and profit payment for the services of scarce resources, or the factors of production (labor, capital, land, and entrepreneurship), in return for productive services is called a factor payment. Therefore, the correct answer is option C.
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