the study of national income is related to
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National income means the value of goods and services produced by a country during a financial year. Thus, it is the net result of all economic activities of any country during a period of one year and is valued in terms of money. ... We can understand this concept by understanding the national income definition.
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The study of National Income is related to the production of the country's new services and goods in a financial year.
National Income can also be defined as the outcome of all the economic policies during a financial year.
It is very vital to collect, study and maintain the national income of a country every year because it shows a country's economic welfare.
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