In a market economy, household income is determined primarily by

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In a market economy, household income is primarily determined by the productivity of labor resources. This means that the income earned by individuals is directly related to their skills, education, and the demand for their labor in the free market. Other factors such as age, gender, and luck may also play a role, but the main determinant of income is the productivity of labor resources. Government transfer payments may supplement income, but they do not determine the primary source of income in a market economy.

In a Market Economy, Household Income Is Determined Primarily by