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The income earned by the people who sell the services of the factor of production __ __ is called Labor; interest Land; wages Capital; profit Entrepreneurship ; profit

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The income earned by the people who sell the services of the factor of production
__ __ is called
Labor; interest
Land; wages
Capital; profit
Entrepreneurship ; profit

The income earned by the people who sell the services of the factor of production __ __ is called Labor; interest Land; wages Capital; profit Entrepreneurship ; profit

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The correct answer is: Capital; profit.<br /><br />Explanation: In economics, the four main factors of production are land, labor, capital, and entrepreneurship. The income earned by the people who sell the services of the factor of production 'capital' is called 'profit.' Capital refers to the assets used in the production of goods and services, such as machinery, buildings, and equipment. The owners of these capital assets earn income in the form of profits.
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