The following are rewards for factors of production EXCEPT
Source: JAMB · 2024
The following are rewards for factors of production EXCEPT
Explanation
Factors of production earn specific rewards: land earns rent, labor earns wages, capital earns interest, and entrepreneurs earn profit.
A subsidy is a government payment to help producers. It is not earned by any factor of production.
Remember: Rent, wages, interest, and profit are factor rewards. Subsidies come from government.
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