The factor of production whose reward is profit is
Answer Details
The factor of production whose reward is profit is entrepreneurship.
Entrepreneurship involves the ability to identify business opportunities, take risks, and organize resources (such as land, labor, and capital) in order to create and run a successful business. Entrepreneurs are typically the ones who invest their own time, money, and effort into starting and managing a business.
In return for taking on the risks and uncertainties associated with starting and running a business, entrepreneurs are rewarded with profits. Profit is the return on investment that entrepreneurs receive for successfully creating and managing a business that provides goods or services that are valued by consumers.
So, to sum up, the factor of production whose reward is profit is entrepreneurship, as it is the driving force behind the creation and success of businesses that generate profits.