Some factors that affect income are . supply and demand, location, career choice, and goals skills, gender, race, and friends education, skills, supply and demand, and experience education, friends, social networking, and experience

Explanation:

The money that an organisation or person receives in exchange for providing  services or goods or by investing capital is called income. It is most often received in the for of salary or wages.  there are various factors that affect a persons income.  

Experience: Experience leads to higher pay. If a job position requires someone with 10 years of experience and you do not meet the requirement  then you would not receive the exact salary that would have been offered to a person with the required experience.  

Education: The match between your education and what the job requires affect  your salary. Quality of education also affect it, earning a degree from famed college or university positively influences your pay.

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