Which of the following is a factor payment for a factor of production?

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asked Nov 19, 2018 188k views

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Jeff Wu · Answer 1 · 2018-11-25T03:25:56+0000

In economics, factor payments are the income people receive for supplying the factors of production: land, labor, or capital. Payments made of scarce resources, orthe factors of production in return for productive services. They are also categorized according to the services of the productive resources being rewarded.

Which of the following is a factor payment for a factor of production?

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