An indoor climbing centre receives £110,000 in annual sales revenue. Its annual costs are shown in the table below.
| Cost | Annual amount |
|---|---|
| Payment for the use of its site | £18,000 |
| Staff wages | £42,000 |
| Interest on a loan for equipment | £3,000 |
| Other costs | £39,000 |
Explain which rewards are earned by land and by enterprise at the climbing centre. Use the data to give the annual amount of each reward.
81 exam-style questions on AQA GCSE Economics 1.1 Economic foundations, covering 1.1.1a Needs and wants, 1.1.1b The central purpose of economic activity, 1.1.1c Key economic decisions, 1.1.1d The main economic groups, 1.1.2a The nature of an economic resource, 1.1.2b The four factors of production, 1.1.3a The basic economic problem and making choices, and 1.1.3b Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.