Correct option is D
Land is a factor of production.
The reward for land is termed as rent.
Wages are paid for labour and interest for capital.
This concept is basic in agricultural economics. Hence, option (d) is correct.
Payment made for the use of land is called
Land is a factor of production.
The reward for land is termed as rent.
Wages are paid for labour and interest for capital.
This concept is basic in agricultural economics. Hence, option (d) is correct.
Suggested Test Series
Suggested Test Series