Chapter 2 – National Income in India: Measuring Economic Prosperity
Introduction Key Concepts and Theories Gross Domestic Product (GDP) Gross National Income (GNI) Net National Income (NNI) Per Capita Income
Introduction Key Concepts and Theories Gross Domestic Product (GDP) Gross National Income (GNI) Net National Income (NNI) Per Capita Income
Introduction The Need for Revision in National Income Accounting Theories Related to Revision in National Income Accounting 1. Economic Growth
Introduction Classification by Sector 1. Primary Sector 2. Secondary Sector 3. Tertiary Sector Classification by Ownership 1. Private Sector 2.
National income is a critical economic indicator that reflects the overall economic performance of a country. It provides insights into
Introduction Current Stats of Indian economy According to the National Statistical Office (NSO), the real GDP or GDP at constant
Economics, the study of how societies allocate their scarce resources to fulfill unlimited wants and needs, is a multifaceted field
Introduction Perfect Competition: A Level Playing Field Examples: Monopoly: The One and Only Examples: Oligopoly: Few Giants Rule Examples: Monopolistic
Introduction Key Functions of Stock Exchanges Major Stock Exchanges Around the World Stock Market Indices Stock Exchange Theories and Concepts
Introduction Supply and Demand Review The Equilibrium Price (P) and Quantity (Q)** Market Equilibrium Graph The Role of Prices Changes
Introduction These concepts help businesses and policymakers make informed choices in pricing, production, and resource allocation. Elasticity of Demand Definition
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