1. national resources
2. quality & quantity of the factors of production
3.develpoment of science & technology
4.political stability (or0government policies
design influence income
Factor income refers to earnings generated from the ownership of factors of production, such as wages from labor, rent from land, interest from capital, and profits from entrepreneurship. Non-factor income, on the other hand, includes earnings not directly tied to the production process, such as transfer payments (like pensions or welfare), gifts, and certain types of investment income. While factor income is associated with productive activities, non-factor income often represents redistribution or passive income sources. Together, they contribute to an individual's overall income and economic well-being.
net foreign factor is the income earned by citizens of a nation while they are working abroad
yes interest on debentures is to be included in national income, this is as debentures are used fro production purposes and hence income received due to it is a part of factor income
Age is not a factor. If you have income then it is taxed.
National income is the sum of factor income accrued to the economic teritory of a country.
Disposable income
Dividend factor = Net earned income / dividend earning shares
these nuts
no factor will influence the location of an industry/
socialization process friends influence
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.