Define Factor income
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Factor income :-
⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ is the flow of income that is derived from the factors of production—the general inputs used in the production of goods or services in order to make an economic profit. Factors of production include land, labor, and capital.
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Explanation:
Factor income is the progression of income that is obtained from the factors of income- the general factors of production utilized in the creation of merchandise or service as to Make a monetary benifit. components of creation incorporate land , work and capital...
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