Economic Awareness - Sectors of Indian Economy
Mixed income in the Income Method refers to income earned by:
Mixed income in the Income Method refers to income earned by:
easy Q12 of 15
Step-by-Step Solution
Step 1: Understand mixed income concept
Mixed income is the income earned by self-employed individuals who combine labor and capital in their work.Step 2: Match options with definition
Self-employed persons combining labor and capital fit the definition of mixed income. Government employees earn wages, interest is income from capital lent, and rent is income from land.Final Answer:
Self-employed persons combining labor and capital → Option AQuick Check:
Mixed income = Self-employed combining labor and capital ✅
Quick Trick: Mixed income = labor + capital in self-employment.
Common Mistakes:
- Mistaking wages or rent as mixed income.
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