Question

what is relationship between national income and economic development​

Answer 1

Answer:

Relation between Economic Welfare and National Income

Pigou establishes a close relationship between economic welfare and national income, because both of them are measured. in terms of money. When national income increases, total welfare also increases and vice-versa.

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Answer 2

Answer:

relationship between national income and economic development÷

1.Both of them are measured in term of money.

2.When national income increases , total welfare also increases.

3.if a person earns good profit then it helps to development of our economy.

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