A major merit of the retaining middlemen is to _______?

An example of extractive occupation is ______?

A. mining B. teaching C. banking D. driving Correct Answer: Option A – mining Explanation All the options are classification of production. It involves people whose activities are directed to the process of bringing out natural resources from the soil and...
A major merit of the retaining middlemen is to _______?

What is the reward accruable to land?

A. Rent B. profits C. wages D. Interest Correct Answer: Option A – Rent Explanation Since land is a free gift of nature, it doesn’t require any cost to be paid in order to make it available to the society for use. As the quantity of land available for use...

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