Explain the factor determine the
National Income
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The quantity and quality of a country's stock of factors of production is one of the most important influences on its national income. The quantity and quality of land, the climate, the rainfall, etc. determine the quantity and quality of agricultural production and the size of the national income.
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Answer :— The quantity and quality of a country's stock of factors of production is one of the most important influences on its national income. The quantity and quality of land, the climate, the rainfall, etc. determine the quantity and quality of agricultural production and the size of the national income.
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