Economics · Theory of Distribution
Which of the following correct defines 'transfer earning' in economics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Transfer earning is the maximum earning paid to a factor for inducing it to stay in present employment.
- 2Transfer earning is extra income earned by having transfer elsewhere.
- 3Transfer earning is associated with transport revenue.
- 4Transfer earning is the minimum earning paid to a unit of factor for inducing it to remain in present use.✓
Correct answer
Transfer earning is the minimum earning paid to a unit of factor for inducing it to remain in present use.
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