State the meanings of :

(a)

Economic territory

(b)

Mixed income of self-employed

(c)

Compensation of employees

Economic territory: Economic territory is the territory administered by a government within which persons, goods and capital circulate freely.

Mixed income of self-employed: It refers to the income of people who own and operate a business enterprise using their own factor services (land, labour, capital and entrepreneurship).

Compensation of employees: Compensation of employees is the sum total of remuneration paid by employers, to their employees, in the form of cash/kind/social security contributions.