Question

Distinguish between factor income and transfer receipt​

Answer 1

Explanation:

Factor income is an earned income, i.e. it is an earning concept. As against, Transfer income is an unearned income, it is only received but not earned by the recipient. So, it is a receipt concept. While factor income is a bi-directional payment, transfer income is a unidirectional payment.

Answer 2

Factor income is an earned income, i.e. it is an earning concept. As against, Transfer income is an unearned income, it is only received but not earned by the recipient. So, it is a receipt concept. While factor income is a bi-directional payment, transfer income is a unidirectional payment.

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