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An example of factor payments is
  • a)
    Retirement pension
  • b)
    Employers’ contribution for social security
  • c)
    Old age pension
  • d)
    Employees’ contribution for social security
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
An example of factor payments isa)Retirement pensionb)Employers’...
FACTOR PAYMENT: A wage, interest, rent, and profit payment for the services of scarce resources, or the factors of production (labor, capital, land, and entrepreneurship), in return for productive services. Factor payments are frequently categorized according to the services of the productive resource.
Community Answer
An example of factor payments isa)Retirement pensionb)Employers’...
Wagesc)Interest paid on a loan from a bankd)Profit earned by a business owner.
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An example of factor payments isa)Retirement pensionb)Employers’ contribution for social securityc)Old age pensiond)Employees’ contribution for social securityCorrect answer is option 'B'. Can you explain this answer?
Question Description
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