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The study of the overall aspects and workings of a national economy is like as income, output, and the interrelationship between diverse economic sectors. It is the study of all aspects of the economy. It is dissimilar from microeconomics, which studies how individual entities (such as people, families, or even corporations) fit in the economy.
Kate uses a sewing machine to alter and repair clothes for one year in her own small business, Kate's Tailoring. She earns $20,000 during the year for various sewing projects. In t
what is national income
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Define the term- inflation Inflation between two points in time is defined as the percentage increase of price index between these two points in time.
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what is the use of national income statistics as an indicator for a country''s standard of living?
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