transfer payments to are not included in the national income through i

1.	transfer payments to are not included in the national income through it is a part of circular flow justify your answer?
Answer» Transfer payments are not included while calculation of National Income because these incomes are received without generating any FACTOR services in return THOUGH it is a part of the circular FLOW of income, e.g. pocket money, old age pension, ETC.

transfer payments to are not included in the national income through it is a part of circular flow justify your answer?

Answer»

Transfer payments are not included while calculation of National Income because these incomes are received without generating any FACTOR services in return THOUGH it is a part of the circular FLOW of income, e.g. pocket money, old age pension, ETC.

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transfer payments to are not included in the national income through it is a part of circular flow justify your answer?​

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transfer payments to are not included in the national income through it is a part of circular flow justify your answer?