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Category: Economics

How To Calculate National Income By Income Method With Formulas ,Diagrams and Examples| Economics Class 12th

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The national income by income method is calculated under 3 heads or steps : Step 1:- Identification and classification of producing enterprises who employ factors of production. In India, the producing sector is identified and classified into three – a) Primary Sector b) Secondary Sector c) Tertiary Sector Step 2:- Classification of domestic factor income […]