name the three components of factor income
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Each component is explained below:
Compensation of employees (traditionally called Wages): This is the reward or compensation paid to employees (labour) for rendering productive services. ...
Rent and Royalty: ...
Interest: ...
Corporate (Profit) tax: ...
Dividend: ...
Undistributed Profit: ...
Mixed Income:
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Answer:
The three components of factor income is :
(i) Mixed income
(ii) Rent and royalty
(iii) Undisturbed profits
(iv) Interest
(v) Corporate (profit) tax
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