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Differntiate between domestic product and national …

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Differntiate between domestic product and national product

Posted by Ankit Pandey 6 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Radha Gupta 6 years, 2 months ago

Domestic product measured as GDP and NDP and it is the some Total of factor income generated within the domestic territory of a country. And NATIONAL INCOME IS THE SOME TOTAL OF FACTOR INCOME ACCURING TO NORMAL RESIDENT OF A COUNTRY. NO MATTER WHERE THIS INCOME IS GENERATED_ WITHIN THE DOMESTIC TERRITORY OF A COUNTRY OR REST OF THE WORLD.

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