Question:
What is the remuneration of land called?
What is the remuneration of land called?
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Remember: Rent (land), Wages (labor), Interest (capital), Profit (entrepreneurship).
Updated On: Oct 18, 2025
- Interest
- Wages
- Profit
- Rent
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The Correct Option is D
Solution and Explanation
Step 1: Factors of production.
In economics, land, labor, capital, and entrepreneurship are the four factors of production, each with its own remuneration.
Step 2: Distribution of rewards.
- Land → Rent
- Labor → Wages
- Capital → Interest
- Entrepreneurship → Profit
Step 3: Conclusion.
Thus, the remuneration of land is called Rent.
In economics, land, labor, capital, and entrepreneurship are the four factors of production, each with its own remuneration.
Step 2: Distribution of rewards.
- Land → Rent
- Labor → Wages
- Capital → Interest
- Entrepreneurship → Profit
Step 3: Conclusion.
Thus, the remuneration of land is called Rent.
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