WebJun 27, 2024 · 1 Answer. (i) Few firms: Under oligopoly, there are few large firms each producing a significant portion of the total output. For example: the market for automobiles in India is an oligopolist structure as there are only a few producers of automobiles. The number of firms is so small that action by anyone firm is likely to affect the rival firms. WebJul 9, 2024 · National income accounting is a bookkeeping system that a national government uses to measure the level of the country's economic activity in a given time period. Accounting records of this nature ...
CBSE Class 10 Social Economics Understanding Economic
WebNov 20, 2024 · Features of NI. The major features of national income are enlisted below. It is the sum of income earned by all individuals of a nation in a particular period. It shows the monetary value of all the newly … WebWhen the level of income is low, the revenue objective of taxation will have to be subordinated to sumptuary objectives, 4. Functional Finance Objective: This was advocated by A.P. Lerner, an American Economist. He holds the view that, the chief objectives of public finance is to maintain an adequate level of national income. raab karcher onlineshop login
Question Bank: (020) 2447 6938 E Mail PDF Demand - Scribd
WebIn this essay we will discuss about the National Income of India. After reading this essay you will learn about: 1. Meaning of National Income 2. Trends in National Income in India 3. Rates of Growth 4. Sectoral Contribution 5. Difficulties or Limitations in Estimation 6. Inter-State Variation. WebA variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income (NNI adjusted for natural resource depletion – also called as NNI at factor cost). All are … WebExplain features of National Income. There are 7 points. 1) National Income is a Macroeconomic Concept. National Income presents the economic progress of a country during a given time period. 2) National Income is a Flow Concept. It is the flow of goods and services produced in a country during a year. 3) National Income is Money … shivering in hindi meaning