give definition of professor Marshall of national income
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Marshall defines national income or national dividend in the following way: “The labour and capital of a country, acting on its natural resources, produce annually a certain net aggregate of commodities, material and immaterial including services of all kinds…
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Marshall's Definition: ... Marshall defines national income or national dividend in the following way: “The labour and capital of a country, acting on its natural resources, produce annually a certain net aggregate of commodities, material and immaterial including services of all kinds
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