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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?
Verified 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.
This question is part of UPSC exam. View all Commerce courses
Most Upvoted 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.
Community Answer
An example of factor payments isa)Retirement pensionb)Employers’...
Because the middle person is collecting the money and that person is going to give to third person which has appointed him/her to collect the money
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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?
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