Economy, asked by Fhdjfjfj8603, 11 months ago

Explain the various concept of national income and their significance

Answers

Answered by nidhi2620

Answer:

National Income is total amount of goods and services produced within the nation during the given period say, 1 year. It is the total of factor income i.e. wages, interest, rent, profit, received by factors of production i.e. labour, capital, land and entrepreneurship of a nation

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