WAEC Commerce 2023 Objective — Question 4

Question 4 of 50 from the West African Examinations Council (WAEC) Commerce 2023 Objective paper, with the correct answer and a full explanation.

The reward for capital is A. rent.

A. rent
B. profit
C. interestCorrect
D. dividend

Explanation

As for factors of production, while reward for land is rent, reward for labour is wages, reward for entrepreneur is profit, the reward for capital is interest.

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