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Exercises · Q11

Q.The reward for entrepreneurship/organisation is called:

(a) Rent
(b) Wages
(c) Interest
(d) Profit
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Each of the four factors of production has one specific, non-interchangeable name for its reward: Land earns rent, Labour earns wages, Capital earns interest, and the Entrepreneur/Organisation earns profit — the amount left over after the other three cont …

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