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What are the factors affecting national income?
position and type of job you have
What are 3 factors that influence the standard of living?
Family size, marital status, and income/expenses are three factors that influence the standard of living.
Differentiate between national income at market price and national income at factor cost?
National income at factor cost is the measure of national income or output based on the cost of factors of production.This allows the effect of any subsidy or indirect tax to be removed from the final measure. National income at market prices is the total income receivable plus taxes on production and imports less subsidies.
What factors are influence the international exports and imports?
Factors that influence import includeDomestic income level highDomestic currency value is fairly highQuality of domestic goodsFactors that influence exports are:Foreign income level highForeign currency value maybe highQuality of foreign products v.S domestic products
What factors influence the demand for goods with elastic demand?
Factors that influence the demand for goods with elastic demand include the availability of substitutes, the necessity of the good, and the proportion of income spent on the good.
What are the factors affecting national income?
position and type of job you have
What are 3 factors that influence the standard of living?
Family size, marital status, and income/expenses are three factors that influence the standard of living.
What factor influence income?
1. national resources 2. quality & quantity of the factors of production 3.develpoment of science & technology 4.political stability (or0government policies
What are some factors that can influence the decisions you make?
group influence. level of income culture and religous beliefs
Differentiate between national income at market price and national income at factor cost?
National income at factor cost is the measure of national income or output based on the cost of factors of production.This allows the effect of any subsidy or indirect tax to be removed from the final measure. National income at market prices is the total income receivable plus taxes on production and imports less subsidies.
What factors are influence the international exports and imports?
Factors that influence import includeDomestic income level highDomestic currency value is fairly highQuality of domestic goodsFactors that influence exports are:Foreign income level highForeign currency value maybe highQuality of foreign products v.S domestic products
What factors will influence the supply of rice in the world market?
* change in population * government policies * income change * future expectations
What factors influence the demand for goods with elastic demand?
Factors that influence the demand for goods with elastic demand include the availability of substitutes, the necessity of the good, and the proportion of income spent on the good.
What are the Political factors in Organisations?
Political factors that could influence a business organisation? Political factors: Changes in local, national or international
How does design influence income?
design influence income
Formulas to calculate national income used in economics in India?
how to compute national income. Through; expenditure approach, income approach, and input and output approach. Now for the expenditure approach you add G+I+C+(X-M) Income approach; addition of the factors of production
What extent does national income measure social welfare?
National income does provide some measure of social welfare, but it is by no means a perfect measure. National income only captures economic activity, and does not take into account other important factors such as environmental quality, leisure time, or income distribution. In addition, national income does not always reflect changes in welfare that may occur over time, such as increases in life expectancy.
