Business, 27.08.2020 08:01 arlettg

Which one of the following statements on the remuneration of the factors of production is true? [1] The remuneration for capital is profit, as the business aims to earn a profit on its financial investments.
[2] The remuneration for labour is rent, as workers are able to pay their rent with the money they earn.
[3] The remuneration for entrepreneurship is a salary, as entrepreneurs are also rewarded for their efforts.
[4] The remuneration for natural resources is rent, as natural resources consist of all gifts of nature.

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Which one of the following statements on the remuneration of the factors of production is true? [1]...

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