Writ short note on the income of functional distribution

Question

Writ short note on the income of functional distribution?

Answer 1

The sources of income showed by the income of functional distribution i.e., as payments to the 4 factors of production: entrepreneurs, labour, physical capital, as well as land a natural resources. As it collapse salaries and wages, corporate profits, proprietors’ income, interest as well as rents.  There are 5 categories while there are only 4 factors of manufacturer since proprietors’ income include returns as well as wages, interest, and rents.