asked 66.9k views
3 votes
When it comes to resource markets, in what form do households receive income from entrepreneurship? (

wages
O profit
O interest
O rent

1 Answer

5 votes

Final answer:

In resource markets, households receive income from entrepreneurship as profit, which is different from wages, interest, or rent.

Step-by-step explanation:

When it comes to resource markets, households receive income from entrepreneurship in the form of profit. Unlike wages, which are payments for labor, profit is the residual income earned after accounting for all costs of production (including wages, rent, and interest). Interest is received from financial assets like bank accounts and bonds, rent is earned from leasing property, and wages are paid for labor. In the case of entrepreneurship, individuals are compensated by the profit derived from their businesses which is distinct from their wages, rent, or interest earnings.

answered
User Chau Pham
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