factor Income is what??
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Factor Income is income derived from selling the services of factors of production. In the case of labour, this means wages, plus the part of the incomes of the self-employed which is a reward for their own labour
brainly6120:
hi
praneeth baby
hi
praneet
yes
Answered by
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Heya....
A factor income refers to income earned by a person as a reward for rending his factor services..
It may be in the form of wages , salaries, for labour, intrest for capital, rent for land , profit for his entrepreneurship...
Must not that these r earned income not transfer incomes like old age pension that is not earned but only a facility..
A factor income refers to income earned by a person as a reward for rending his factor services..
It may be in the form of wages , salaries, for labour, intrest for capital, rent for land , profit for his entrepreneurship...
Must not that these r earned income not transfer incomes like old age pension that is not earned but only a facility..
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