Transfer Income vs Factor Income | Meaning & Examples | National Income

Описание: 💰 What is Transfer Income in Economics?
Transfer income refers to money received without providing any productive service.
Examples include pensions, scholarships, unemployment benefits, and welfare payments.

This video also compares Transfer Income vs Factor Income, a question frequently asked in exams like:
CBSE | ICSE | ISC | IGCSE | A-Level | AP | CUET | UPSC (Economics / Indian Economy / GS)

🎯 In this 1-minute explainer, you will learn:

Meaning of Transfer Income

Real-life examples of Transfer Payments

Meaning of Factor Income

Difference between Factor Income and Transfer Income (with examples)

Why Transfer Income is not included in National Income
📝 Exam Tip:

Transfer income is excluded from National Income because no production of goods or services takes place.
🌐 For detailed lessons & personalized tutoring:

Website: https://econmadeazy.wixsite.com/econt...

📱 Follow for daily quick exam tips:
Instagram: @anjullii_econmadeazy
YouTube: Learn Economics with Anjuli

#EconomicsShorts #TransferIncome #FactorIncome #NationalIncome #ExamTips #StudentTips #IGCSEEcon #ALEvelEconomics #CBSEEconomics #ISCEconomics #APEconomics #UPSCPreparation #CUETEconomics #EconomicsHelp