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

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsNational Income Accounting1 Mark
Question
What are factor incomes?
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Answer

Income received in return for rendering productive service is called a factor income (or factor payment.) The various factor incomes are rent, interest, wages and salaries and profits. They are earned incomes so included in the national income.

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