Give Reasons Or Explain the Following Statements Services of Housewives Are Excluded from National Income. - Economics

Give reasons or Explain the following statements

Services of housewives are excluded from national income.

Solution

Services of housewives are non-market services. They are not included in the national income as it is difficult to calculate their monetary valuation.

Concept: Concept of National Income

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2013-2014 (October)

Q 2.2.4 Q 2.2.3 Q 2.2.5

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Q 2.2.4 | 2 marks

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Give Reasons Or Explain the Following Statements Services of Housewives Are Excluded from National Income. - Economics

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