Broker’s commission on sale and purchase of second hand goods is included in national income because:
Broker’s commission on sale and purchase of second hand goods is included in national income because:
(a) It is a part of compensation of employees
(b) It is a part of gross domestic capital formation
(c) It is an income earned for rendering productive services
(d) None of these
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Ans – (c)
Explanation:-
The broker makes the sale and purchase happen by providing his services as a mediator.
His services are productive service as it adds to the current flow of goods and services in the economy.
Thus, the Broker’s commission is the income earned for rendering productive services.
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