what is factor Income ??? example also...no cheat ..
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Answered by
13
Heya....
@@ Factor income...
--->>> What u earn as the reward of your services is called factor income...
Means the payment received after lender the factors of production is called factor income...
Example...
** Employee get Wages in return of their labour...
** Land owner received rent by giving his land...
** Investor gets interest on his capital invested...
** Owner get profit by his leadership in production ..
@@ Factor income...
--->>> What u earn as the reward of your services is called factor income...
Means the payment received after lender the factors of production is called factor income...
Example...
** Employee get Wages in return of their labour...
** Land owner received rent by giving his land...
** Investor gets interest on his capital invested...
** Owner get profit by his leadership in production ..
Answered by
4
factor income is the income derived from the selling the services of factors of production . in the case of labour ,this means wages ,plus the part of the incomes of the self employed which is a reward for their own labour.
it's examples are land , labor, capital and enterprise .
it's examples are land , labor, capital and enterprise .
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