Question

State the three components of Income from Property and Entrepreneurship.
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Answer 1

Answer:

Here we will see in details the three components of Income from Property and Entrepreneurship in the explanation section.

Explanation:

Before seeing the three components of Income from Property and Entrepreneurship , first of all we are going to see what is property and entrepreneurship. Property is the item a person or any business have the legal title on it. On the other hand entrepreneurship is the activity of setting up of a business and taking the financial risks in the hope of profit. Now if we talk about the income from Property and Entrepreneurship then there are two forms of income that we get from property which are rent and interest and there is one form of income that we get from entrepreneurship is profit.

Hence, rent, interest and profit are the three components in which we get income from property and entrepreneurship.

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