Question

Distinguish between domestic income and national income of by giving suitable example in support of your answer

Answer 1

Answer:

domestic income is the income of our father

national income is from the taxes our father pays

Answer 2

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).