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What are the four factor of …

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What are the four factor of production and what are the remuneration to each of these called?
  • 1 answers

Yogita Ingle 5 years, 4 months ago

The four factors of production are : 

(i) Land, 

(ii) Labour

 (iii) Capital 

(v) Entrepreneur. 

Their remuneration takes the form of 

 (i) Rent

 (ii) Wages

 (iii) Interest

 (iv) Profit

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