Question

what does factor income means??​

Answer 1

Hey mate.

A factor income refers to income earned by a person as a reward for rending his factor services .

Hope it will help you

✌️sai

Answer 2

$\mathcal{\red{\huge{Heya\:mate\:!!}}}$

$\mathtt{Here\:is\:ur\:@nswer}$ :

⎇ the income refers to income received by factors of production for rendering factor services in the production process.

i.) it is received for providing factor services of land, labour, capital and Enterprise.

ii.) factor income of normal residents of a country is included in the national income.

iii.) Example :- Rent, Wages, Interest and profit.

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