Domestic Territory is also called Economic territory. A countries national & domestic income is calculated keeping in mind the production activities are done within or outside the domestic territory of a country. Define Economic (Domestic) Territory of a country in…
Topic of Circular Flow of Income is concerned with Chapter of National Income macroeconomics class 12 CBSE Board. A question of MCQ and 3 marks question can come in board exam from this topic. So, lets understand the basic concept…
transfer payments is a very important topic in national income chapter of macroeconomics class 12 CBSE Board I will discuss definition, types and few examples of transfer payments in this article in detail. Define Transfer Payments A transfer is a…
In Macroeconomics all variables are classified as stock & flows. There all lot of variable economic aspects in economics for example income, saving, production, expenditure, demand etc. All these economic variables are either stock or flow. I have made a…
Intermediate Consumption is an important concept of value added method topic in National Income chapter of Macroeconomics class 12 CBSE Board. In order to Calculate national income by value added method, you must have a command over to recognize intermediate…
