Question

Define national income. explain the relationship between national income and economic welfare.

Answer 1

$<b>HEY THERE!$✌✌✌

__________________________________

NATIONAL INCOME : to earn for the income of nation.


Relation Between Economic Welfare and National Income

The effect of national income can be studied in two ways.

• Change in the size of National Income


• Changes in Distribution of National Income

__________________________________

Thanks for the question!

☺☺☺☺