Landlord: I own a lake with great natural views. how can I earn income from it, Captain Cook?
Captain Cook: I have a fishing boat! I can be the captain of some boat trips in the lake
Landlord: let's organise fishing tours and charge the tourists a large sum. I will pay you a daily rate Captain Cook, and I will pocket the remaining income, we can earn a lot of money together
given the return of land is rent, the return of labour is wage, the return of capital is interest, while the return of entrepreneur is profit. the income earned by Captain Cook consist of _________ while the remaining income earned by landlord consist of ____________
A wage ... profit
B interest ... rent and profit
C wage and interest ... rent
D wage and interest ... rent and profit