Which form of income is received exclusively by the owner of a production business?

Multiple choice question for Basic of Economics. Select an option, then review the explanation below.

Explanation

Interest is earned on loans, rent is income from property, and wages or salary are payments to labor. Profit is the sole income that the entrepreneur or owner of a production enterprise earns.

Practice related questions from the same subject.

1.Which of the following best describes deflation?
2.Under what condition can two nations benefit from engaging in international trade?
3.Which of the following represents a legitimate form of currency?
4.Which political ideology is best summarized by the phrase, "From each according to his ability, to each according to his needs"?
5.Which type of currency experiences a decline in its exchange rate due to a continuous balance of payments deficit?

Which form of income is received exclusively by the owner of a production business?

Explanation

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