Does expenditure on construction of engine oil by the car service station be included in national income of india or not?
Answers
Explanation:
TISCO stood for Tata Iron and Steel Company and is a multinational steel making Indian company, with their headquarters in Maharashtra, founded by Jamshetji Tata. The company is called as Tata Steel Limited today.
TATA steel is the second largest steel producing company in India and stands 10th in the world. The group has operations in more than 100 countries and its companies exports products and services to 150 countries. In 2015 the company was awarded the 'World's Most Ethical Company' award by Ethisphere Institute under the Metals category, making this the third time for them to receive this award.
Answer:
Not included
Explanation:
Expenditure on engine oil by car service is an intermediate cost.
Intermediate cost should not be included in National Income.