Concept:Each factor of production earns a specific reward for its use in productive activities.
Explanation:Land is one of the basic factors of production.
It includes natural resources used in producing goods and services.
The reward paid to the landowner for allowing the use of land is called rent.
This payment is made by the person or business using the land.
Rent can be paid on a monthly or yearly basis, depending on the agreement.
For example, a farmer who farms on another person's land pays rent to the landowner.
Every factor has its own reward: labour earns wage, capital earns interest, and an entrepreneur earns profit.
In the same way, the reward for land is rent.
Answer:B. rent