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define national income
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define national income Related: NCERT Solution - People as Resource?
National Income is total amount of goods and services produced within the nation during the given period say, 1 year. It is the total of factor income i.e. wages, interest, rent, profit, received by factors of production i.e. labour, capital, land and entrepreneurship of a nation. Concepts of National Income.
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define national income Related: NCERT Solution - People as Resource?
The total amount of money earned by the country . The economic gain adds to the national encome
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define national income Related: NCERT Solution - People as Resource?
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