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What do you understand by factor …

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What do you understand by factor income?explain with examples.

    • Posted by Gurjot Singh Bhogal Singh 6 years, 3 months ago

    CBSE > Class 12 > Economics
    • 4 answers

    Ayush Kumar 6 years, 3 months ago

    Factor income is a payment made to households for rendering their services like compensation to employees, rent, profit, and interest.

    1Thank You

    Preeti Sihag 6 years, 3 months ago

    The income earned by providing some serive major factor are land,labour,capital,entrepreneur....

    0Thank You

    Preeti Sihag 6 years, 3 months ago

    It is the income which you have earned by providing service..which to contribute to GDP for example=on land we recieve rent land is a factor use for production for house or for any otger

    0Thank You

    Krishty Rai 6 years, 3 months ago

    Factor income refers to the income which you earned as a reward for ur factor services.It is an earned income and also included in the estimation of national income. Example =rent,profit,wages etc

    0Thank You

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