Which of the following is not an economic activity and not included in national income?
Which of the following is not an economic activity and not included in national income?
(a) Medical services rendered by a dispensary
(b) A housewife doing household work
(c) A lawyer doing his practice
(d) A maid working full-time with a family
Anurag Pathak Changed status to publish December 14, 2023
Ans – (b)
Explanation:-
Services for self-consumption are not included in the national income as the market value can not be estimated due to the non-availability of the date.
Such services involve love and affection and it is price-less.
A housewife doing household work are the services for self-consumption.
Anurag Pathak Changed status to publish December 14, 2023
