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Difference between factor cost income and …

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Difference between factor cost income and transfercost income

Posted by Sarvan Mishra 5 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Sneha Manchanda 5 years, 6 months ago

Factor income refers to the payments made by producers to the holders of factor services for rendering their services to the producers. For example land , labour, capital and entrepreneurship. Transfer income refers to the one sided income which in return there is no flow of goods and services in the economy.For example scholarship, old age pension etc.

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