Archive | Social Accounting

Read this article to learn about the concept and features of social accounts in economics. Since the publication of the General Theory national income accounting has become an official job, statistics of national income reflect changes in the economic health of the economy. They indicate the performance of the economy; the fluctuations in economic activity. As a result, many new [...]

Read this article to learn about the matrix approach, importance and considerations in developing economies of social accounting of national income. Matrix Approach to Social Accounting: When we speak of national accounts, we always imagine receipts (income) and payments (expenditure). National income data can either be presented in the familiar way of accounting known as the double entry system or [...]