Distinguished between factor income and transfer payment

1.	Distinguished between factor income and transfer payment
Answer» ☆ ∩∩ （ • •）☆ ┏━∪∪━━━━━━━━┓ ItzHarsh★ ┗━━━━━━━━━━━┛ The DIFFERENCE between the TWO is whether or not the income (payment) received is for RENDERING productive service. Payment received in exchange for rendering productive service is factor income WHEREAS the one received WITHOUT providing any service (or good) in return is transfer income. 〰♥ $\huge\underline\mathcal\red{Thank You}$

Answer»

☆ ∩∩ （ • •）☆

┏━∪∪━━━━━━━━┓

ItzHarsh★

┗━━━━━━━━━━━┛

The DIFFERENCE between the TWO is whether or not the income (payment) received is for RENDERING productive service. Payment received in exchange for rendering productive service is factor income WHEREAS the one received WITHOUT providing any service (or good) in return is transfer income.

〰♥

$\huge\underline\mathcal\red{Thank You}$

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Distinguished between factor income and transfer payment

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