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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 2 years, 9 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Preeti Dabral 2 years, 9 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 2 years, 10 months ago

    Hi

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