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what is the difference between factor …

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what is the difference between factor income and transfer income.

    • Posted by Mohd Zeeshan 6 years, 4 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Shaily Jain 6 years, 4 months ago

    Also only factor income is included in national income. Transfer income is not included in national income

    1Thank You

    Shaily Jain 6 years, 4 months ago

    Factor income is earned by the household from producer sector for rendering factor services while transfer income is unearned income, it is received as donation, gift etc.

    1Thank You

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