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The factor of production whose reward is profit is

Agricultural Science
JAMB 2019

The factor of production whose reward is profit is

  • A. land
  • B. labour
  • C. capital
  • D. entrepreneurship
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Correct Answer: Option D
Explanation

The factor of production whose reward is profit is entrepreneurship. The reward for land is rent, the reward for labour is wages or salaries while the reward for entrepreneur is profit and the reward for entrepreneur is profit and the reward for capital is interest. Therefore, choice D is correct.

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