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What is factor income ?...

What is factor income ?

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Factor income is the income received by the factors of production for rendering factor service in the process of production.
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Knowledge Check

  • National income is the sum of factor incomes accruing to :

    A
    Nationals
    B
    Economic territory
    C
    Residents
    D
    Both residents and non-residents

  • National income is the sum of factor incomes accruing to

    A
    Nationals
    B
    Economic territory
    C
    Residents
    D
    both residents and non-residents

  • National income is the sum of factor incomes accruing to

    A
    Nationals
    B
    Economic territory
    C
    Residents
    D
    Both residents and non-residents

    • Similar Questions

    Explore conceptually related problems

    What is meant by factor income to abroad ? State its components.

    How are following treated in the estimation of domestic factor income ? Factor income from abroad.

    If the domestic factor income is ₹ 200 crores and the national income is ₹ 190 crores , how much will be the net factor income from abroad ?

    Discuss the concept of factor income and transfer income with the help of examples.

    If factor income received from abroad is equal to factor income paid abroad , then which of the following is not a valid statement ?

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