National Income

The sum total of value added in all the economic enterprises of a country is National Income. There are a variety of measurements of the National Income. The value added refers to the money value all the final goods and services produced in a country during the period of one Year.
The basic concepts in national income are
  1. Gross Domestic Product (GDP)
  2. Gross National Product (GNP)
  3. Net Domestic Product (NDP)
  4. Net National product at Factor Cost or National Income
  5. Net Domestic product at market prices
  6. Net Domestic product at Factor Cost
  7. Income from Domestic Product accruing to Private Sector
  8. Private Income
  9. Personal Income
  10. Personal Disposable Income

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  • iqra
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    keep it up………… :)