Practicing Success
Practicing Success
CUET Preparation Today
| What is the revenue left after giving out wages, rent and interest called as? |
Profits Residual Expenditure Disposable income |
| Profits |
| After producing output with the help of three factors of production, namely capital, land and labour, the entrepreneur sells the product in the market. The money that is earned is called revenue. Part of the revenue is paid out as rent for the service rendered by land, part of it is paid to capital as interest and part of it goes to labour as wages. The rest of the revenue is the earning of the entrepreneurs and it is called profit. |
