Question

state three determinants of earning of an individual in the market

Answer 1

Three determinants of earning of an individual in the market are:
1.Skills of an individual.
2.Personal or background factors.
3.Knowledge.

Answer 2

Answer:

The three major ‘determinants’ of earning of an individual in the market are his education, personality, and skill.

Explanation:

The education of a person helps to improve his personality and the quality of his productivity in any field. The skills of a person are his main assets which form the human capital. The formation of this human capital is because of proper education and training.

The educated people are able to use their education and skills to enhance their personality which are the major determinants of earning in the market.