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Define the term National Income? |
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Answer» For comparing countries that Income is considered to be one of the most important attributes countries with higher income are more developed and the countries with less income this is based on understanding that more income names more of all things that human beings need whatever people like and should have they will be able to get it with greater include so greater income is itself considered to be an important goal what is the income of a country some total of income of all the residence of country is the total income of the country but total income is not such an useful measures have different populations comparing total income will not tell us what an average person is likely to all and are people in one country better of than others in a different country. Search in Google |
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