RENUMERATION OF FACTORS OF PRODUCTION QUIZ

What was today's topic?

• Factors of Production

• Remuneration of factors of production

• Government

• The economy

What is a Remuneration?

• entrepreneur

• Capital

• is the payment for work done or services provided.

• factors of production

The remuneration for the use of land is --------------.

(a)  

The remuneration for the use of ____ is salaries or wages.

• labour

• Capital

• Entrepreneurship

• land

The remuneration for the use of capital is____?

• Profit

• rent

• Salaries and wages

• Interest

The ____ of the use of entrepreneurship is profit

• Factor of production

• Remuneration

• Capital

• Input

which of the following are renumeration of factors of production?

• Rent

• Capital

• entrepreneurship

• Labour

which of the following is not an example of Renumeration of factors of production?

• Rent

• Capital

• Profit

• Interest

, a farmer buys a combine harvester for her commercial farm, but needs to get finance for it from the bank. The bank lends her the money, and she repays the loan with (a)   .

What is the topic of our next lesson?

• income and expenses

• Land

• labour

• Types of markets