CBSE Class 12-commerce Answered
What are factor incomes?
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
Expert Answer
Factor incomes are those income earned by an individual as reward for rendering the factor services. These factor incomes are only earned incomes such as wage or salary for labour, rent for land, interest for capital or profit for entrepreneurship. It does not include any income which is not earned or not rendered factor services. For example, old age pensions received by the senior citizens are not their earned income.
Answered by | 15 Apr, 2016, 04:30: PM
CBSE 12-commerce - Macroeconomics
Asked by n0324352 | 21 Nov, 2023, 08:59: PM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERTCBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 15 Apr, 2016, 02:30: PM
ANSWERED BY EXPERT
