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KimTravelstead
KimTravelstead KimTravelstead
  • 13-07-2015
  • Social Studies
Answered

What is income paid to the owner of land, labor, or capital in return for productive service called?

Acurrency
Brevenue
Cfactor payment
Dopportunity cost

Verified Answer :

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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