The reward for land as a factor of production is

Commerce

WAEC 2025

A. interest
B. profit
C. rent
D. wage

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Correct Answer: Option C

Explanation

In economics, the four factors of production are land, labor, capital, and entrepreneurship. Each factor is rewarded for its
contribution to the production process: land is rewarded with rent, labor with wages, capital with interest, and
entrepreneurship with profit. Therefore, the reward for land as a factor of production is rent.

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