What is the reward accruable to land?

Assessment: JAMB UTME - Commerce - 2017 Subject: Commerce

Question 1 Report

What is the reward accruable to land?

Answer Details
Land is a valuable asset and can provide various forms of reward. Some of the ways that rewards can accrue to land include: - Rent: Landowners can earn money by renting out their land to tenants for use such as agriculture, commercial purposes, or as a residence. - Profits: Land can be used for commercial or industrial purposes and can generate profits for the owner through the sale of goods or services. - Wages: Land used for agriculture or farming can provide employment and wages for workers. - Interest: Land can also be used as collateral for loans, and the owner can earn interest on the loan. It's important to note that the type of reward that accrues to land depends on how it's used and the specific circumstances of the owner and their property.

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