Question

Difference berween factor income and transfer income

Answer 1

Hey Mate Here Is Ur Answer

The difference between the two is whether or not the income (payment) received is for rendering productive service.

Payment received in exchange for rendering productive service is factor income

Whereas the one received without providing any service (or good) in return is transfer income.

I Hope It Helps Uh

Answer 2

Factor income and Transfer income

Explanation:

Factor income

• Factor income arises due to the productive activity.
• Factor income is the income that is paid to the factor of production.
• Factor income included in the estimation of National Income.

Transfer income

• Transfer income does not arise due to any activity which is productive.
• Transfer income is not paid to the factor of production.
• Transfer income is excluded from the national Income estimation.

Learn more: Factor income and Transfer income

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