Advertisement

Explain components of factor income.


(i)    Compensation of employees (traditionally called wages)
(ii)    Rent
(iii)    Interest
(iv)    Profits ( = Dividend + Pprofit tax + Undistributed profit)
(v)    Mixed income.
Sum of these components is called Domestic Income or NDPFC.

78 Views

Advertisement
What is meant by inventory?

What are four factors of production? What are their remuneration?

What is the difference between planned and unplanned inventory accumulation? 

What is meant by externalities?

First 24 25 26 Last
Advertisement