Practicing Success
Which of the following is a combined factor income that cannot be separated into various income components? |
Compensation which is given to employees Deferred income Mixed income of self employed Any of the above |
Mixed income of self employed |
Under the Income method of calculating National Income: Classification of factor payments can be done in the following 3 heads:
Income of own account workers ( like farmers, barbers etc.) and unincorporated enterprises is called as Mixed income. They do not maintain proper accounts. As a result, it becomes difficult to classify their income among C.O.E. and O.S. etc.
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