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Difference between factor income and transfer …

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Difference between factor income and transfer income

Posted by Sneha Kumari 3 years, 4 months ago

CBSE > Class 12 > Economics

2 answers

Preeti Dabral 3 years, 4 months ago

Factor income is the income received by owners of the factors of production in the form of rent,wages, interest and profit for the services rendered in the production process. Transfer payments are those unilateral payments corresponding to which there is no value addition in the economy e.g gifts and donations.

0Thank You

Vishvjeet Meena 3 years, 5 months ago

4Thank You

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CBSE > Class 12 > Economics