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प्रश्न
Distinguish between.
Personal income and National Income.
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उत्तर
Personal income and National Income.
| Personal Income | National Income |
|
Meaning:
Personal income is the sum of all incomes actually received by an individual or household from all the sources during a given year.
|
The national income is the aggregate monetary value of all final goods and services produced in a country during one year. |
|
Concept:
Study of personal income comes under the microeconomics. It is a microeconomic concept.
|
Study of national income comes under macroeconomics. It is macroevonomic concept. |
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