Trend and structure of income, Microeconomics

TREND AND STRUCTURE OF INCOME:

Each sector of the economy employs natural, human and material resources and contributes to the aggregate flow of goods and services during a given time period which may normally be specified as a year. The aggregate flow of goods and services represents the aggregate income earned by factors of production employed during the year, and is termed as national income or national product. The rate of growth of national income when compared with the rate of growth of population indicates whether the economy is declining, stagnant or developing. It is only when the national income grows at a rate faster than the rate of growth of population that the per capita income depicts a rising trend; the community iits stock of capital and the economy moves on the path of a rising level of activity and productivity. s able to improve its living standards and add to  its stock of capital and the economy moves on the path of a rising level of activity and productivity. 

 

Posted Date: 11/10/2012 2:57:32 AM | Location : United States







Related Discussions:- Trend and structure of income, Assignment Help, Ask Question on Trend and structure of income, Get Answer, Expert's Help, Trend and structure of income Discussions

Write discussion on Trend and structure of income
Your posts are moderated
Related Questions
Ask quesIn your own words describe how a market would adjust in situations of: a) Excess Demand b) Excess Supply c) Equilibrium As a follow up you might think about what effects

What is the importance of microeconomics in study of managerial economics?   Normal 0 false false false EN-IN X-NONE X-NONE

Define why prices is significant for economy Reason for using different weights is that some prices are more significant than others for economy. Price of gasoline, for instanc

composite supply v/s joint supply

Sir/Ma''am i have to make a project of 4-5 page on Investigating the buying behavior of individuals in the white goods sector and seeing if there exists any negative relationship b

Marginal Product Theory a.    What is the MC of output in the short-run? b.    What is the MC of labor (employed)? c.    What is the short-run profit-maximizing decision

for the total product curve why is it when you reach at maximum adding more input leads to decline in output?

E-goods are returning to price levels which we thought they had left behind, again the inevitable price elasticity. Why is it so certain that price elasticity will cause those pric

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4