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Income method explain

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Income method explain

Posted by Sahil Roy 7 years ago

CBSE > Class 12 > Economics

1 answers

Abhishek Singh 7 years ago

It refers to method of measuring National income in terms of factor payments (wages ,rent, interest and profit) to the owners of factor of production (land ,labour ,capital and enterprise) during an accounting year. Measurement of national income Compensation of employees + Operating surplus + Mixed income + Net factor income from abroad = NNPfc

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