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JAMB Commerce 2010 Question 6

Question 6

Production

The rewards of rents, wages, interests and profits accrue from

  1. A.capital, labour, land and entrepreneur respectively
  2. B.land, entrepreneur, labour and capital respectively
  3. C.land, labour, capital and entrepreneur respectively
  4. D.labour, entrepreneur, land and capital respectively.
Show the answer and explanation

Answer: C (land, labour, capital and entrepreneur respectively)

Explanation

Land earns rent, labour earns wages, capital earns interest and the entrepreneur earns profit.