Subsidized lunch served to workers in a factory is included/excluded in national Income
Subsidized lunch served to workers in a factory is included/excluded in national Income or not
Anurag Pathak Changed status to publish December 7, 2023
Yes,
it is a part of the compensation of employees and, therefore, it will be included in the national income.
Subsidized lunch cost as wages in kind is part of the compensation of employees.
Compensation of employees is factor payments received by the households in return of their factor services to the production process.
It adds to the flow of goods in the economy.
Anurag Pathak Changed status to publish December 7, 2023
