The function of commerce in relation to production is ______?

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...
The function of commerce in relation to production is ______?

Production ends when goods and services ______?

A. reach the final consumer B. are used for manufacturing C. are packaged and labelled D. are sold to the middlemen Correct Answer: Option A – reach the final consumer Explanation The primary aim of the producer is to satisfy human wants, i.e the final...

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