The factor of production whose reward is profit is
AGRICULTURE
JAMB 2019
The factor of production whose reward is profit is
- A. land
- B. labour
- C. capital
- D. entrepreneurship
Correct Answer: D. entrepreneurship
Explanation
The factor of production whose reward is profit is entrepreneurship. The reward for land is rent, the reward for labour is wages or salaries while the reward for entrepreneur is profit and the reward for entrepreneur is profit and the reward for capital is interest. Therefore, choice D is correct.
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