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- Factor_payments abstract "Payments made of scarce resources, or the factors of production in return for productive services. They are also categorized according to the services of the productive resources being rewarded. As wages are being paid for services of labor, interest is paid for the services of capital, rent is paid for the services provided by the land and profit is for the factor of payment to entrepreneurship.An economy is dependent on the production of goods and services, hence factors of production are required for the production of goods and services. They are broadly divided in the three factors of production Land, Labor, Capital. Land is the primary factor of production. Labor is the specific factor of production and payment is made in the form of wage. Capital is regarded as secondary factor of production as it can be manipulated by economic activity. Payment received would be in the form of interest. Later Entrepreneurship was added as the fourth factor of production. It earns profit to the Entrepreneur.Factors of production are owned by households and they supply these factors of production to firms and in return earn wages, interest, rent and profit. Households buy goods and services with this money.In economics, factor payments are the income people receive for supplying the factors of production: land, labor, or capital.".
- Factor_payments thumbnail National_income.jpg?width=300.
- Factor_payments wikiPageID "21472557".
- Factor_payments wikiPageLength "12493".
- Factor_payments wikiPageOutDegree "52".
- Factor_payments wikiPageRevisionID "683334029".
- Factor_payments wikiPageWikiLink Capital_(economics).
- Factor_payments wikiPageWikiLink Capital_market.
- Factor_payments wikiPageWikiLink Category:Economics.
- Factor_payments wikiPageWikiLink Circular_flow_of_income.
- Factor_payments wikiPageWikiLink David_Ricardo.
- Factor_payments wikiPageWikiLink Demand.
- Factor_payments wikiPageWikiLink Diminishing_returns.
- Factor_payments wikiPageWikiLink Economic_equilibrium.
- Factor_payments wikiPageWikiLink Economic_rent.
- Factor_payments wikiPageWikiLink Economics.
- Factor_payments wikiPageWikiLink Employment.
- Factor_payments wikiPageWikiLink Factors_of_production.
- Factor_payments wikiPageWikiLink Government.
- Factor_payments wikiPageWikiLink IS–LM_model.
- Factor_payments wikiPageWikiLink Income.
- Factor_payments wikiPageWikiLink Interest.
- Factor_payments wikiPageWikiLink Interest_rate.
- Factor_payments wikiPageWikiLink Land_(economics).
- Factor_payments wikiPageWikiLink Law_of_rent.
- Factor_payments wikiPageWikiLink Marginal_efficiency_of_capital.
- Factor_payments wikiPageWikiLink Marginal_product_of_labor.
- Factor_payments wikiPageWikiLink Measures_of_national_income_and_output.
- Factor_payments wikiPageWikiLink Production_(economics).
- Factor_payments wikiPageWikiLink Profit_(economics).
- Factor_payments wikiPageWikiLink Real_wage.
- Factor_payments wikiPageWikiLink Renting.
- Factor_payments wikiPageWikiLink Supply_(economics).
- Factor_payments wikiPageWikiLink Wage.
- Factor_payments wikiPageWikiLink File:Factor_compensation.jpg.
- Factor_payments wikiPageWikiLink File:Fator.jpg.
- Factor_payments wikiPageWikiLink File:National_income.jpg.
- Factor_payments wikiPageWikiLink File:Savings.jpg.
- Factor_payments wikiPageWikiLink File:Untitled_rent.jpg.
- Factor_payments wikiPageWikiLinkText "Factor payments".
- Factor_payments wikiPageUsesTemplate Template:Portal.
- Factor_payments wikiPageUsesTemplate Template:Reflist.
- Factor_payments subject Category:Economics.
- Factor_payments type Science.
- Factor_payments comment "Payments made of scarce resources, or the factors of production in return for productive services. They are also categorized according to the services of the productive resources being rewarded.".
- Factor_payments label "Factor payments".
- Factor_payments sameAs Q5428728.
- Factor_payments sameAs m.05f9lsz.
- Factor_payments sameAs Q5428728.
- Factor_payments wasDerivedFrom Factor_payments?oldid=683334029.
- Factor_payments depiction National_income.jpg.
- Factor_payments isPrimaryTopicOf Factor_payments.