An example of factor payments is
- a)Retirement pension
- b)Employers’ contribution for social security
- c)Old age pension
- d)Employees’ contribution for social security
Correct answer is option 'B'. Can you explain this answer?
Answers
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Mayank Sharma
Nov 30, 2018 |
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FACTOR PAYMENT: A wage, interest, rent, and profit payment for the services of scarce resources, or the factors of production (labor, capital, land, and entrepreneurship), in return for productive services. Factor payments are frequently categorized according to the services of the productive resource.
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Shruti.
Nov 15, 2018 |
Because the middle person is collecting the money and that person is going to give to third person which has appointed him/her to collect the money
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Divine Novice
Jan 09, 2019 |
Answer can be both a and b since retirement pension also forms a part of compensation of employees
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Rakesh Singh
Jan 18, 2022 |
In this question , option A is also correct as retirement pension is also an earned income because these income are only received by the persons who has provides factor services in the organization.
FACTOR PAYMENT: A wage, interest, rent, and profit payment for the services of scarce resources, or the factors of production (labor, capital, land, and entrepreneurship), in return for productive services. Factor payments are frequently categorized according to the services of the productive resource.
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FACTOR PAYMENT: A wage, interest, rent, and profit payment for the services of scarce resources, or the factors of production (labor, capital, land, and entrepreneurship), in return for productive services. Factor payments are frequently categorized according to the services of the productive resource.
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