Distinguish between:Fixed Income and Fluctuating Income. – InterviewSolution

1.

Distinguish between:Fixed Income and Fluctuating Income.

Answer»

Fixed Income	Fixed Income
(i) Income that is stable or remains the same over a period of time is called fixed income.	(i) Income that is unstable and keeps on changing is called fluctuating income.
(ii) Earnings of the landlord, labour, etc. are fixed income.	(ii) Earnings of businessmen, organisers, selfemployed persons, etc. are fluctuating income.
(iii) It cannot be zero or negative.	(iii) It can be positive, negative, or zero.

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