Teaching by a teacher to his son will be included in national income
True of False with Reasons
Teaching by a teacher to his son will be included in national income.
Anurag Pathak Changed status to publish
False,
It will not be included in national income as it is a non-market transaction and it is difficult to ascertain its market value.
Explanation:-
Teaching by a teacher to his son involves love and affection. Thus its market value can not be ascertained due to the non-availability of the data.
In other words, the services with love and affection are cost less.
Anurag Pathak Changed status to publish
