Read this article in Hindi to learn about the various concepts of national income in economics. Concept # 1. बाजार कीमत पर सकल घरेलू उत्पाद (GDPMP) (Gross Domestic Product at Market Price): एक लेखा वर्ष में किसी देश की घरेलू सीमा में सभी उत्पादकों द्वारा जितनी भी अन्तिम वस्तुओं और सेवाओं का उत्पादन होता है (जिसमें मूल्य ह्रास भी शामिल [...]
Here is a compilation of essays on ‘Compilation Function’ for class 9, 10, 11 and 12. Find paragraphs, long and short essays on ‘Consumption Function’ especially written for school and college students. Essay on Consumption Function Essay Contents: Essay on the Concept of Consumption Essay on the Keynesian Innovation of Consumption Function Essay on the Theory and Evidence of Consumption [...]
The concept of cost of production is used in economics in three important senses to explain its nature. They are: 1. Money Cost of Production 2. Real Cost of Production 3. Opportunity Cost. 1. Money Cost of Production: Money cost represents the monetary expenses of production of the firm. It includes the amounts of money paid out or contracted to [...]