Identify the Four Factors of Production,and Tell What Type of Income

question 95

Essay

Identify the four factors of production,and tell what type of income is earned by each factor.

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Definitions:

CPI

A metric known as the Consumer Price Index evaluates the overall weighted pricing of a range of consumer items and services, covering areas such as healthcare, food, and transportation.

Raise

An increase in salary or wages.

Weakens

To become lesser in strength, value, or severity.

US$

The United States dollar, the official currency of the United States of America.