Question

what is Factoral Income ?
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Answer 1

Explanation:

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

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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.

Factor income on the use of land is called rent, income generated from labor is called wages, and income generated from capital is called profit.

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