Income received by the factors of production is called

Name: Income received by the factors of production is called
Brand: Quizplus
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Income received by the factors of production, such as wages, salaries, rent, and profits, is called national income. Gross domestic income includes income from production within a country's borders, but may also include income earned by foreign factors of production. Disposable personal income and personal income refer to income received by individuals, not factors of production.

Income Received by the Factors of Production Is Called