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Identify and explain the following concept: Shobha collected data regarding the money value of all final goods and services produced in the country for the financial year 2018-2019. - Economics

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प्रश्न

Identify and explain the following concept:

Shobha collected data regarding the money value of all final goods and services produced in the country for the financial year 2018-2019.

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उत्तर

Concept: National Income and Intermediate Goods

Explanation:

  • National income refers to the money value of all final goods and services produced in a country during a given time period.
  • The term "intermediate goods" refers to products that producers buy to be used in the creation of final products.
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अध्याय 7: National Income - Exercise [पृष्ठ ६९]

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बालभारती Economics [English] Standard 12 Maharashtra State Board
अध्याय 7 National Income
Exercise | Q 4. (4) | पृष्ठ ६९
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