Which of the followings is NOT an example of factor payment?
2023
Which of the followings is NOT an example of factor payment?
- A.
Interest
- B.
Wages
- C.
Rent
- D.
Pension
Attempted by 1 students.
Show answer & explanation
Correct answer: D
Factor payments are payments made to factors of production such as land, labour and capital: rent, wages and interest. Pension is a transfer payment, not a factor payment.