The four factors of production and their payments in order are: A) labor, capital, land and technology paid wages, profit, rent and interest. B) work, equipment, facilities and natural resources paid wages, interest, rent and profit. C) labor, capital, (2024)

Question:

The four factors of production and their payments in order are:

A) labor, capital, land and technology paid wages, profit, rent and interest.

B) work, equipment, facilities and natural resources paid wages, interest, rent and profit.

C) labor, capital, land and entrepreneurship paid wages, interest, rent and profit.

D) physical capital, financial capital, labor and resources paid rent, interest, wages and price.

Factors of Production:

In the production sector, production factors refer to the necessary inputs that help produce goods and services. The production function is a general relationship between the quantities of inputs utilized and the number of outputs. Factors of production are land, capital, labor, and entrepreneurship.

Answer and Explanation:

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The four factors of production and their payments in order are:  A) labor, capital, land and technology paid wages, profit, rent and interest.  B) work, equipment, facilities and natural resources paid wages, interest, rent and profit.  C) labor, capital, (2024)

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