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Difference between nnpfc and ndpfc

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Difference between nnpfc and ndpfc

    • Posted by Chintoo Sharma 6 years ago

    CBSE > Class 12 > Economics
    • 1 answers

    Gaurav Seth 6 years ago

    <th>Domestic Income (NDPFC)</th> <th>Factor Income (NNPFC)</th>
    Domestic income is the sum total of factor incomes generated within the domestic territory of a country no matter who generates this income either residents or non-residents. Factor income is the sum total of factor incomes generated by residents of a country, no matter where this income is generated either with in the domestic territory or in rest of the world.
    It does not include net factor income from abroad. It includes net factor income from abroad.

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