Question

What is Factor Income ?​

Answer 1

Factor income is the flow of income that is derived from the factors of production—the general inputs used in the production of goods or services in order to make an economic profit. Factors of production include land, labor, and capital.

Answer 2

Answer:

Factor income is income received from the factors of production: the inputs used in the production of goods or services in order to make an economic profit .

Explanation:

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