an example of an income payment is wages. these are paid in exchange for A) government funds N) goods and services C) products d) 4 factors of production

An example of an income payment is wages. These are paid in exchange for the four (4) factors of production which are typically land, labor, capital and entrepreneurship.

This type of income payment is known as factor payment and can be defined as wages paid to people for providing or supplying the four (4) factors of production or scarce resources used for the production of goods and services to meet the unending needs of customers.

Generally, wages are being paid for labor, rent is being paid for land, interest is being paid for capital and profits is typically ascribed or associated with the entrepreneurship.

ayfat23 ayfat23 · Answer 2 · 2021-10-26T19:00:17+02:00

Wages serve as one of example of an income payment, however this wages is been paid so as as to have government funds as an exchange for D: 4 factors of production.

wages can be regarded as an example of income statement and this referred to as factor payments.

Factors of payment can be explained as the income that is been received by people for the supplying of the factors of production.

Factors of production serve as the resources that is been used by people use to produce goods as well as services. They are:

Land
labor
capital

And they all serve as building blocks of the economy.

Therefore, option D is correct.

Learn more at:https://brainly.com/question/988852?referrer=searchResults