Question

factor Income is what??

Answer 1

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

Answer 2

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..