Question

Short Answer Type Questions:
Explain 'mixed income of self-employed' and give an example.

Answer 1

Mixed income of self-employed refers to the surplus or deficit amount which is earned from the production process by the enterprises which are not corporated. These types of enterprises are generally owned by the members of the household sector of the economy. Mixed income is also known as operating surplus. For example, the amount earned by the members of the household other than paid wages or salaries is known as mixed income of self-employed.