Question

Briefly describe the sources of income?

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Answer 1

Answer:

A source of income is where your money comes from. It can be your job, your parents, your retirement, your inheritance, or anywhere else that supplies you with an income. Think of it like a source of water. That would be anywhere that your water comes from. It could be an ocean, a lake, a river, a water tower, a well, or your faucet.

Answer 2

Explanation:

the income come from two sources 1-the household sector2-the firms sector however rent wages and interest comprise of household income the firms utilise the factors of production and produce goods and services which are sold to household sectors