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What is difference between Factor Income …

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What is difference between Factor Income and Transfer Income? Explain with example...???

Posted by 🤓Ojha Raj Shakti Shivam📒📚📕 2 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Rubal Agnihotri 2 years, 7 months ago

Factor incomes are earned incomes .These are the income earned in return if rendering factor services.while transfer incomes are unearned incomes. These incomes are not earned for rendering some factor services.

0Thank You

Vishesh Goyal 2 years, 10 months ago

Factors income is earned income whereas transfer income is unearned income

1Thank You

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