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What is NNPfc

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What is NNPfc

Posted by Anjali Sekhawat 6 months ago

CBSE > Class 12 > Economics

2 answers

Mannat Mittal 6 months ago

The Net National Product at Factor Cost (NNP at Factor Cost) is the net money value of all goods and services produced by normal citizens of a country. It includes income earned by Indian citizens, whether they live in India or abroad. National income is also known as Net National Product at Factor Cost.

Riya Sinha 6 months ago

NNPfc refers to net national product at facor cost. It is the net output evaluated at facor prices. It is also known as 'national income' of a country. Which means the total value of all goods and services produced during a period of time by national residents of a country.

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