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National Income — Economics STD 12 — Question

Tamilnadu BoardEnglish MediumSTD 12EconomicsNational Income3 Marks
Question
Write the Factor Incomes group?
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Answer

Factor incomes are grouped under labour income, capital income and mixed income.
  1. Labour income – Wages and salaries, fringe benefits, employer’s contribution to social security.
  2. Capital income – Profit, interest, dividend and royalty
  3. Mixed income – Farming, sole proprietorship and other professions.

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