passwella.
Menu

UI Post-UTME Economics 2021 (Model questions) Question 9

Question 9

Basic Concepts

In economic theory,.........refers to the principal owners of factor inputs?

  1. A.Landlords
  2. B.Government
  3. C.Households
  4. D.Firms
Show the answer and explanation

Answer: C (Households)

Explanation

Households own the factors of production and sell their services to firms.