A household's income earned from the markets for factors of production and with no government redistribution is

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Quizplus · Accepted Answer

Market income refers to the income a household earns from selling the factors of production in the market, such as wages, salaries, profit, interest, and rent. This income is earned without any government intervention in the form of redistribution or transfer payments. Therefore, C is the correct choice. A, money income, is a broader concept that includes income from all sources, whether earned in the market or received from the government. B, welfare, refers to government payments to households to assist with meeting basic needs. D, exploitative income, does not have a clear definition and is not commonly used in economics. E, factored income, is not a recognized term in economics.

A Household's Income Earned from the Markets for Factors of Production