Some of the differences between factor income and transfer income are as follows:The difference between the two is whether or not the income (payment) received is for rendering productive service.Payment received in exchange for rendering productive service is factor income whereas the one received without providing any service (or good) in return is transfer income. Mind national income includes only factor incomes and not transfer incomes.
how did you?????????????
i knw the difference.. i have read abt these topics earlier...