Concept:The reward paid to land as a factor of production is called rent.
Explanation:Production requires four factors of production: land, labour, capital, and entrepreneurship.
Each factor receives a separate income as its reward.
Land is the natural resource used in production, and its reward is rent.
Labour receives wages as its reward.
Capital receives interest as its reward.
Entrepreneurship receives profit as its reward.
Therefore, according to the theory of distribution, the factor income earned by land is rent.
This makes option C the correct answer.
Answer:C. rent