Give briefly an outline of income method of national income
Answers
Answer:
Explanation:Thus, national income is calculated by adding up factor incomes generated by all the producing units located within the domestic economy during a period of account.
Explanation:
There are four main factors of production that can affect a construction project; they are land, labour, capital costs and an entrepreneur.
Land is defined as ‘land comprises all naturally occurring resources whose supply is inherently fixed’. [1] Land is a fixed resource as there is a limited amount, and price can vary depending on location. There are four main types of land:
Agricultural land denotes the land suitable for agricultural production, both crops and livestock. [2]
Brownfield Site/Land are abandoned or underused industrial and commercial facilities available for re-use. Expansion or redevelopment of such a facility may be complicated by real or perceived environmental contaminations. [3]
A green belt or greenbelt is a policy and land use designation used in land use planning to retain areas of largely undeveloped, wild, or agricultural land surrounding or neighbouring urban areas. [4]