What term defines the income paid to the owner of land, labor, or capital in return for productive service?
a. cost
b. price
c. factor payment
d. economic system

The correct answer for the question that is being presented above is this one: "C. factor payment." The term that defines the income paid to the owner of land, labor, or capital in return for productive service is the factor payment. Factor Payment are frequently categorized according to the services of the productive resource.