Market income is defined as wages, interest, rent, and profit earned in factor markets plus cash payments to households by the government.

Name: Market income is defined as wages, interest, rent, and profit earned in factor markets plus cash payments to households by the government.
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Market income refers to income earned from wages, interest, rent, and profit in factor markets, but it does not include cash payments from the government, which are considered transfer payments.

Market Income Is Defined as Wages, Interest, Rent, and Profit