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Question
Which of the following is not a 'factor payment'?
Options
Free uniform to defence personnel
Salaries to the Members of Parliament
Rent paid to the owner of a building
Scholarship given to the students
MCQ
Solution
Scholarships given to the students
Explanation:
Scholarship is not a factor payment; it is a transfer payment. Factor payments are provided to the factors of production.
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Employment in Firms, Factories and Offices
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