Explain the meaning of “normal resident of a country”.Class XIINational income
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Resident (Normal Resident) of a Country: National income has also been definedas “Sum total of factor incomes earned by the normal residents of a country during a year.” ... A resident is said to be a person (or institution) who ordinarily resides in a country and whose centre of economic interest lies in that country.
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Explain the meaning of “normal resident of a country”.Class XIINational income
Answer :
A resident is said to be a person (or institution) who ordinarily resides in a country and whose centre of economic interest lies in that country.
Resident of a Country: National income has also been definedas
->“ Sum total of factor incomes earned by the normal residents of a country during a year. '' <-
Hopefully helpful ^_^
Explain the meaning of “normal resident of a country”.Class XIINational income
Answer :
A resident is said to be a person (or institution) who ordinarily resides in a country and whose centre of economic interest lies in that country.
Resident of a Country: National income has also been definedas
->“ Sum total of factor incomes earned by the normal residents of a country during a year. '' <-
Hopefully helpful ^_^
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