Question
Fixed Income and Fluctuating Income.
| (i) Income that is stable or remains the same over a period of time is called fixed income. | (i) Income that is unstable and keeps on changing is called fluctuating income. |
| (ii) Earnings of the landlord, labour, etc. are fixed income. | (ii) Earnings of businessmen, organisers, self-employed persons, etc. are fluctuating income. |
| (iii) It cannot be zero or negative. | (iii) It can be positive, negative, or zero. |
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