What are the Factors affecting national income ?
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They, in brief, are as follows: (i) The stock of factors of production: One of the very important factors which influences the size of the national income is the quality and quantity of the country's stock of factors of production. The factors of productionare land, labor, capital and organization.
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The factors do change in the national income are: a) The stock of factors of production: One of the very important factors which influences the size of the national income is the quality and quantity of the country's stock of factors of production. The factors of production are land, labor, capital and organization.
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