O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2019 · Q11 Mark
Which statement about factors of production is correct?
ACapital is the amount of money borrowed from a bank.
BLabour is output made by an employee.
CLand includes commercially grown rice crops.
DProfit is the reward for enterprise.
✓ Correct answer
D: Profit is the reward for enterprise.
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