Who generates factor income?
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Answer--
☆ Factor income generated from labor is called wages, and income generated from capital is called profit.
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Explanation:
Factor incame is income received from the factors of production :the inputs use in the production of good or services in order to make an economic profit.factor income on the use of land is called rent,incame generated from labor is called wages ,and incame generated from capital is called profit.
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