The rewards of rents, wages, interests and profits accrue from?
Answer Details
The rewards of rents, wages, interests and profits are commonly referred to as the "factors of production". The factors of production are the resources used in the production of goods and services. The rewards are associated with the different factors of production as follows:
- Rents are the rewards earned from land
- Wages are the rewards earned from labour
- Interests are the rewards earned from capital
- Profits are the rewards earned from entrepreneurship.
Therefore, the correct answer is "land, labour, capital and entrepreneurship respectively".