Asked by Nancy Nguyen on Jun 25, 2024
Verified
Define proprietary income. List some examples.
Proprietary Income
Income generated from owned properties or businesses, exclusive to the owner or proprietor.
- Define and provide examples of proprietary income.
Verified Answer
AA
AKHIL AKKIRAJUJun 26, 2024
Final Answer :
Proprietary income is the income that governments receive from running government-owned enterprises. Some examples of sources of proprietary income are hospitals, utilities, toll roads, and lotteries.
Learning Objectives
- Define and provide examples of proprietary income.
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