The reward on machinery and equipment in the process of p...
The reward on machinery and equipment in the process of production is known as
Profit
Interest
Rent
Wages
Correct answer is B
Capital' - investment in man-made aids to production including buildings, factories, computers. The reward for capital is interest.
The main function of price in the economic system is to ...
The distribution channel that contributes most to the cost of production is ...
Which of the following is true about the value of money? ...
In the equation MV = PT; V stand for ...
Increase in production subsidies will shift ...
In a capitalist system, the means of production is owned and controlled by ...
The basic economic problems of the society include ...
Which of these factors does not affect revenue allocation in Nigeria? ...