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प्रश्न
Define or explain the following concept:
Personal income
टिप्पणी लिखिए
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उत्तर
Personal Income refers to the total income actually received by an individual or household from all the sources i.e. factor incomes and current transfers.
Personal Income = Private Income – Corporate Savings – Corporate Tax
It excludes profits that the corporate retains and also excludes corporate taxes.
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