Question

which factors do change in the national income?
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Answer 1

hey !!!!

here is your answer

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.

B) Labor: The second factor of production, i.e., labor is by no means less important. This can be judged from it that if land is not aided by human labor, it cannot produce anything except the wild vegetation.

c) Capital:The volume of production is also very much influenced by the! quality and quantity of capital available in the country.

d) Enterprise: The size of the national income also greatly depends upon! the number and skill of the entrepreneurs.

e) State of technical knowledge: State of technical knowledge is also one of the very important factors which influences the size of the national income.

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