Match List I with List II
|
LIST I |
LIST II |
|
A. Labour |
I. Rent |
|
B. Capital |
II. Wages |
|
C. Entrepreneurship |
III. Profit |
|
D. Land |
IV. Interest |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → A-II, B-IV, C-III, D-I
|
LIST I |
LIST II |
|
A. Labour |
II. Wages |
|
B. Capital |
IV. Interest |
|
C. Entrepreneurship |
III. Profit |
|
D. Land |
I. Rent |
A. Labour - Corresponds to Wages (II)
- Labour earns wages as its reward for contributing to production.
B. Capital - Corresponds to Interest (IV)
- Capital earns interest as its return for providing funds used in production.
C. Entrepreneurship - Corresponds to Profit (III)
- Entrepreneurship earns profit as the reward for taking risks and organizing other factors of production.
D. Land - Corresponds to Rent (I)
- Land earns rent as its payment for providing natural resources used in production.