NECO Commerce 2025 Objective — Question 2
Question 2 of 50 from the National Examinations Council (NECO) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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Labour as a factor of production attracts
- A. wageCorrect
- B. profit
- C. interest
- D. dividend
Explanation
In economic theory, each factor of production receives a specific type of income; labour receives wages as compensation for work performed.
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