National Income
The sum total of value added in all the economic enterprises of a country is National Income. There are a variety of measurements of the National Income. The value added refers to the money value all the final goods and services produced in a country during the period of one Year.
The basic concepts in national income are
The basic concepts in national income are
- Gross Domestic Product (GDP)
- Gross National Product (GNP)
- Net Domestic Product (NDP)
- Net National product at Factor Cost or National Income
- Net Domestic product at market prices
- Net Domestic product at Factor Cost
- Income from Domestic Product accruing to Private Sector
- Private Income
- Personal Income
- Personal Disposable Income
iqra
February 9, 2015 at 9:57 amkeep it up………… :)