Economy, asked by calltofight9786, 1 year ago

Define national income and explain its various concept

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Answered by PiyushSinghRajput1

0

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 incomei.e. wages, interest, rent, profit, received by factors of production i.e. labour, capital, land and entrepreneurship of a nation. Conceptsof National Income.

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