Question

Distinguish between factor income and non factor income

Answer 1

the payment is received without reservation is called net factor income and payment received with services is called factor income

Answer 2

Factor income and non factor income

Explanation:

• The factor incomes include the payments rent, wages, interest, and profit. Its earned income and is included in national income and is earned form the factors of the production.

• They have been divided into the land, labor, and capital and thus provide us with income as a factor of income Land gives us rent workers give us wages and enterprise gives profits and capital gives us interests.

• The nonfactors includes all invisible services like remittances and are not attributable to any of the factors of production like the software, and the BPO and others like the tourism, and insurance etc.

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• brainly.in/question/3341359 answered by HarshRoy1.