Question

deference b/w national and private income ​

Answer 1

Answer:

1. NATIONAL INCOME is the income generated by factors of production. But PERSONAL INCOME is the income recieved by factors of production. So personal income is a receipt concept.
2. Income of the government sector is included in the NATIONAL INCOME but not included in PERSONAL INCOME.
3. Interest on NATIONAL DEBT is not a part of national income. But is a part of PERSONAL INCOME.
4. HOPE SO IT WILL BE HELPFUL FOR YOU