Is service rendered by housewives included/excluded domestic income of India?
Is service rendered by housewives included/excluded domestic income of India?
Anurag Pathak Changed status to publish December 9, 2023
No,
The Service rendered by housewives are not included in the domestic factor income because it is difficult to find their market value, i.e., they are non-market transactions.
Explanation:-
The service rendered by housewives involves love and affection. Thus, market value of it can not be estimated due to the unavailability of data.
Thus, it is not added to the domestic income.
Anurag Pathak Changed status to publish December 9, 2023
