Question

difference between national income and domestic income( any Four Points)​

Answer 1

HERE IS YOUR ANSWER

Basic Difference between Domestic Income and National Income! ... It happens because national income includes the income of normal residents only (irrespective of their place of earning), whereas, domestic income includes the income of both residents and non-residents (but, within the domestic territory of the country).

HOPE IT HELPS U

☺☺☺☺☺☺☺

Answer 2

Answer:

National income  may be defined as the factor of earning of the normal residents outside or within the country during an accounting year.In other words, the total amount of income earned  by a country from economic activities in a year’s time is known as national income.

Whereas, domestic income is defined as the earning inside the domestic territory both by the residents of the domestic country or by foreigners. We know that within domestic territory, two types of people lives which includes domestic people and foreigners and domestic income includes the factor that includes all the people in the country and thier incomes.