Land, labour, capital and enterprise are four factors of production and their remuneration is called rent, wages, interest and profit respectively.
(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.
Switch
