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Explain the factor income to abroad and factor income from abroad.

Asked by Topperlearning User 15th April 2016, 2:30 PM
Answered by Expert
Answer:

Factor incomes are the incomes received by the owners of factors of production for rendering their factor services to the producers.

Factor income earned by our residents from abroad is the factor income earned from abroad and the factor income earned by non-residents within our country is the factor income to abroad.

Answered by Expert 15th April 2016, 4:30 PM
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