Which of the followings is NOT an example of factor payment?

2023

Which of the followings is NOT an example of factor payment?

Answer: D. Pension — 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…

  1. A.

    Interest

  2. B.

    Wages

  3. C.

    Rent

  4. D.

    Pension

Attempted by 2 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.

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