People earn their incomes by selling the services of the factors of production they own. Rent is
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People earn their incomes by selling the services of the factors of production they own. Rent is paid for the use of land, wages are paid for the services of labor, interest is paid for the use of capital, and entrepreneurs receive a profit (or incur a loss ) for running their businesses. What are the shares of these four factor incomes in the United States? Which factor receives the largest share?
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