May 24, 2024

Concept of National Income

Concept of National Income National income Income: The amount of money or its equivalent received during a period of time in exchange for  labor or services, from the sale of goods or property, or as profit from financial  investments. The amount of monetary or other returns, either earned or unearned, accruing over a given period of time  Net income is calculated by taking revenues and adjusting for the cost of doing …

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