Business Studies, asked by vinaysingh1552, 1 year ago

Explain the concept of National Income.

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Answered by vishu592

2

The important concepts of national income are:

1. Gross Domestic Product (GDP)

2. Gross National Product (GNP)

3. Net National Product (NNP) at Market Prices

4. Net National Product (NNP) at Factor Cost or National Income

5. Personal Income

6. Disposable Income

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