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Value of Output refers to market value of all goods and services produced during a period of one year. Explanation:- Value of Output is the sum total of all goods and services produced during a period of one year.
According to this method, National income is measured as sum total of expenditure incurred on final goods and services produced by households, business firms, government and foreigners with in the economic territory during a given year. The alternative name of…
According to this method, National income is measured as sum total of expenditure incurred on final goods and services produced by households, business firms, government and foreigners with in the economic territory during a given year. Other name of Expenditure…
According to Income method, all the incomes that accrue to the factors of production by way of wages, profits, rent, interest, etc. are summed up to obtain the national income. Alternative Name of Income Method: Distributed Share Method Factor Payment…
According to Income method, all the incomes that accrue to the factors of production by way of wages, profits, rent, interest, etc. are summed up to obtain the national income. Alternative Name of Income Method: Distributed Share Method Factor Payment…
Generally, Value-added refers to the measure of value addition in the raw material (non-factor units) by a production unit, through its production activities. Alternative Name of value added method are:
Generally, Value-added refers to the measure of value addition in the raw material (non-factor units) by a production unit, through its production activities. Alternative Name of value added method are:
Generally, the product method refers to the measure of value addition in the raw material (non-factor units) by a production unit, through its production activities. Alternative Name of Product Method are:
Compensation of Employees Consists of Major two compnents Compensation of Employees = Wages & Salaries + Employers Contribution of Social Security Schemes Let’s understand all Components of compensation of Employees. Here are the different components of Compensation of Employees. Wages…
Sum total of GVA at MP of all producing enterprises within the domestic territory of a country during one year is equal to GDP at MP. Explanation:- GVA at MP (Gross Value Added at Market Price) is also called GDP…