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Distinguish between Factor Income and Transfer …

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Distinguish between Factor Income and Transfer Payment

Posted by Deepanshu Keshari 2 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Divyanshi Kesherwani 2 years, 6 months ago

Factor Income refers to an income that can be derived by selling inputs or means of production, i.e. land, labour, capital and entrepreneur. Transfer income refers to any income which a recipient receives without providing any goods, services or assets in return to the payer.

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