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Question : 14
Total: 47
State the three components of Income from Property and Entrepreneurship.
Solution:
Three components of income from property and entrepreneurship are :
(i) Rent: It is the return received for providing land and building.
(ii) Profit: It is the return received for providing capital as loan.
(iii) Interest : It is the return received for providing capital as ownership.
(i) Rent: It is the return received for providing land and building.
(ii) Profit: It is the return received for providing capital as loan.
(iii) Interest : It is the return received for providing capital as ownership.
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