Question

what are factor income​

Answer 1

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Factor Income is the progression of income that is obtained from the Factors of Income—the general factors of production utilized in the creation of merchandise or service so as to make a monetary benefit. Components of creation incorporate land, work, and capital.

Answer 2

Answer:

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ғᴀᴄᴛᴏʀ ɪɴᴄᴏᴍᴇ ɪs ɪɴᴄᴏᴍᴇ ʀᴇᴄᴇɪᴠᴇᴅ ғʀᴏᴍ ᴛʜᴇ ғᴀᴄᴛᴏʀs ᴏғ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ: ᴛʜᴇ ɪɴᴘᴜᴛs ᴜsᴇᴅ ɪɴ ᴛʜᴇ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴏғ ɢᴏᴏᴅs ᴏʀ sᴇʀᴠɪᴄᴇs ɪɴ ᴏʀᴅᴇʀ ᴛᴏ ᴍᴀᴋᴇ ᴀɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴘʀᴏғɪᴛ. ғᴀᴄᴛᴏʀ ɪɴᴄᴏᴍᴇ ᴏɴ ᴛʜᴇ ᴜsᴇ ᴏғ ʟᴀɴᴅ ɪs ᴄᴀʟʟᴇᴅ ʀᴇɴᴛ, ɪɴᴄᴏᴍᴇ ɢᴇɴᴇʀᴀᴛᴇᴅ ғʀᴏᴍ ʟᴀʙᴏʀ ɪs ᴄᴀʟʟᴇᴅ ᴡᴀɢᴇs, ᴀɴᴅ ɪɴᴄᴏᴍᴇ ɢᴇɴᴇʀᴀᴛᴇᴅ ғʀᴏᴍ ᴄᴀᴘɪᴛᴀʟ ɪs ᴄᴀʟʟᴇᴅ ᴘʀᴏғɪᴛ.