National Income and Related Aggregates-National Disposable Income (CBSE Class-12 Economics): Questions 13 - 13 of 13
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Question number: 13
» National Income and Related Aggregates » National Disposable Income
Describe in Detail
Explain the production method of estimating national income.
There are three method of estimating national income: -
(1) Income method
(2) Product method
(3) Expenditure method
(1) Income method: - In this method production of participate an activity to generate goods and services. Compensated for the productive services produced in economy. This compensation income payment takes form of… (225 more words) …