Q. 4. define national income. explain the relationship between national income
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✔️heya friend ✔️
The country's national income is the financial value of production in the field of agriculture, industry and services in the country during the year.
✅Three economists give definition of national income, which are as follows✅
⏩Alfred Marshall:
During the year, the physical and material items produced in collaboration with the natural resources of the country's labor and capital are called national income.
⏩Irving Fisher:
According to the national income according to the amount of services and the direct consumption of the services of the country's citizens during the year.
⏩a.c.pigu:
Common things and services are those that have been paid by money.It can be easily presented in money.
☺️ hope it help you ☺️
The country's national income is the financial value of production in the field of agriculture, industry and services in the country during the year.
✅Three economists give definition of national income, which are as follows✅
⏩Alfred Marshall:
During the year, the physical and material items produced in collaboration with the natural resources of the country's labor and capital are called national income.
⏩Irving Fisher:
According to the national income according to the amount of services and the direct consumption of the services of the country's citizens during the year.
⏩a.c.pigu:
Common things and services are those that have been paid by money.It can be easily presented in money.
☺️ hope it help you ☺️
Anonymous:
thanks (:
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