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The reward on machinery and equipment in the process of production is known as

Economics
JAMB 2012

The reward on machinery and equipment in the process of production is known as

  • A. profit
  • B. interest
  • C. rent
  • D. wages
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Correct Answer: Option B
Explanation

Capital' - investment in man-made aids to production including buildings, factories, computers. The reward for capital is interest.

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JAMB CBT Mobile App 2025 - Free Download
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