Consider the following pairs:
|
Factor of Production |
Factor payment in the form of |
|
1. Labour |
Wages |
|
2. Capital |
Profits |
|
3. Land |
Rent |
Which of the pairs given above is/are correctly matched?
1
1 and 2 only
2
1 and 3 only
3
2 and 3 only
4
1, 2 and 3