Factors of Production
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5 Terms
1
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What are the factors inputs?
Land, Labour, Enterprise, Capital
2
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What’s the factor reward of land?
Rental income
3
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What’s the factor reward of labour?
Employment wages/salaries
4
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What’s the factor reward of enterprise?
Profits
5
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What’s the factor reward of capital?
Interest from savings, dividends from shares.
Note 
Flashcards (33)