The resource income earned by those who supply labor services is called
The resource income earned by those who supply labor services is called
bonus.
profit.
stock options.
wages and salaries.
Homework Answers
Ans. iv) wages and salaries
There are four factors of production.
Land - Resource income earned is Rent
Labor - Resource income earned in wages and salaries
Capital - Resource income earned is Interest
Entrepreneur - Resource income earned is Profit.
Bonus is the surplus amount divided amongst the owners on an occasional basis.
Stock options is being given as a reward in the form of company shares to the best performer employees.
So the resource income earned by those who supply for labor services is wages and salary.
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The resource income earned by those who supply labor services is called
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