Maharashtra State BoardHSC Commerce 12th Board Exam
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Define Or Explain the Following Concept :National Income . - Economics

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Short Note

Define or explain the following concept :

National income .

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Solution

National income means the value of goods and Services produced by a country during a financial year . Thus, it is the net result of all economic activities of any country during a period of one year and is valued in terms of Money . National income is an uncertain term and is often used interchangeably with the national dividend, national output, and national expenditure . We can understand this concept by understanding the national income definition.

Concept: Concept of National Income
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