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Distinguish between factor income and transfer …

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Distinguish between factor income and transfer receipt

Posted by S Nimisha Panicker 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Kumar Abhinav 7 years, 1 month ago

Factor income is the amount received in return of some productive service. It is included in national income. Its examples are rent, wage etc. While transfer receipts don't involve any productive service. They are one-sided. They are not included in national income. Their examples include gifts, grants etc

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