Wages and salaries are examples of
A) consumption.
B) labour income.
C) capital income.
D) profits.
E) royalties.

Question

Quizplus · Accepted Answer

Wages and salaries are forms of income earned from labor, referred to as labor income. Consumptions refers to spending on goods and services for personal use, capital income is income earned from assets such as stocks or real estate, profits are income earned by a business owner, and royalties are income earned from the use of intellectual property.

Wages and Salaries Are Examples of