Expenditure Method Definition in Economics
Expenditure Method In order to calculate national income by expenditure method, the economy is divided into four major sectors: …
Courses-of-Economics
Measurement of National Income – 2. Income Method
INCOME METHOD The income method measures national income from the side of factor income. This method is also known as …
Measurement of National Income – 1. Product Method
Measurement of National Income – 1. Product Method MEASUREMENT OF NATIONAL INCOME Production of goods and services gives rise …
Concepts of Personal Income (PI) | Disposable Income (DI) | Per Capita Income (PCI)
Concepts of Personal Income (PI) | Disposable Income (DI) | Per Capita Income (PCI) PERSONAL INCOME (PI) …
Concepts of Net National Product (NNP) | National Income(NI) | NNP at Market Price and Factor Cost
NET NATIONAL PRODUCT (NNP) Gross national product minus depreciation is called net national product. In other words, the net national …
Net Domestic Product (NDP) | Gross National Product (GNP) | Difference Between GDP and GNP
Net Domestic Product (NDP) | Gross National Product (GNP) | Difference Between GDP and GNP NET DOMESTIC …
Various Concept of National Income | GDP: Concepts and Features | GDP at Market price and Factor Cost
VARIOUS CONCEPTS OF NATIONAL INCOME In modern times, a number of concepts have come to be associated with the study …
Meaning, Definition, Features of National Income | Marshall’s, Pigou’s, Fisher’s, Simon Kuznet
MEANING AND DEFINITION OF NATIONAL INCOME National income refers to the sum of income earned by all individuals …
Need or Importance of National income Accounting
Need or Importance of National income Accounting National income provides a comprehensive and detailed record of complex economic …
Difficulties in Measurement of National Income | National Income
DIFFICULTIES IN MEASUREMENT OF NATIONAL INCOME Measurement of national income is very essential for every nation as a very important …
Circular Flow of Income and Expenditure in the Four Sector Economy
IN THE FOUR SECTOR ECONOMY The four sector economy consists of the household sector, business sector or firms, government sector, …
