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National Income — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsNational Income2 Marks
Question
Illegal Income and Transfer Income.
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Answer

Illegal Income:

  1. Illegal income means income which is earn from illegal activities.
  2. E.g. Income from gambling, black marketing, theft, smuggling, etc.

Transfer Income:

  1. Transfer income means money from the government in the form of benefits.
  2. E.g. income from pension, gift, unemployment allowance, etc.

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