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National Income Accounting — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsNational Income Accounting2 Marks
Question
Differentiate between Operating Surplus and Mixed Income.
✓

Answer

S. No
 Basis
Operating Surplus
Mixed Income
1.
 Meaning
It is the sum of Income from property and income from entrepreneurship.
Income of own account workers (like farmers, doctors, barbers, etc and unincor porated enterprises (like small shopkeepers, repair shops) is known as mixed income.
2.
 Nature
It includes income from property and entrepreneurship.
It includes income from work as well as income from property and entrepreneurship.
3.
 Inclusion
It does not include wage and income.
It includes wage and income along with rent, interest and profit.

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