Difference betweeen transfer income and factor …
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Posted by Anil Chettri 5 years, 10 months ago
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Yashuuu Vishwakarma 5 years, 10 months ago
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Yogita Ingle 5 years, 10 months ago
Following are the differences between the 'Factor Income ( FI )' and Transfer Income ( TI ) are :
1. Factor Income is a payment received in exchange of any good or service while as Transfer Income is received without rendering any service or good.
2. F. I includes wages, rents, profit and interest while as T.I comprises gifts, subsidies, donations, pensions, scholarships etc.
3. F.I is a earned money and bilateral payment while as T.I is unearned and unilateral payment.
4. F.I is included in National Income while as T.I is not.
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