DIFFERENT CONCEPTS OF NATIONAL INCOME

    Let us make a detailed analysis of these concepts:-

1. Gross domestic product at market price.
2. Gross national product at market price.
3. Net national product at market price.
4. Net domestic product at market price.
5. Net domestic product at factor cost or Net domestic income.
6. Gross domestic product ay factor cost.
7. Gross national product at factor cost.
8. Net national product at factor cost or national income.
9.Factor income from net domestic product accuring to private sector.
10. Private income.
11. Personal income.
12. Disposable income.
13. Per capita income.
14. Real income.