Question 3
[Maximum number: 1]
The factors of production earn different rewards.
What identifies the correct economic term for these rewards?
A
capital - surpluses
B
enterprise - dividends
C
labour - interest
D
land - rents
CAIE A-Level Economics 1.3.3 Factor rewards
Practise matching each factor of production to its reward and explaining how capital goods and enterprise contribute to production.
How this is tested
- match land, labour, capital and enterprise to rent, wages, interest and profit
- explain how capital goods aid production and receive a return
- link entrepreneurial risk and organisation of production to profit