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National income is an economic concept that represents the total market value of all goods and services produced by a country during a specific period (usually a year). It is one of the most fundamental indicators used to assess the size and performance of an economy. National income plays a critical role in analyzing macroeconomic factors such as economic growth employment and development such as. The calculation of national income is approached through various methods and concepts. In this con

Economics is a branch of science that studies how individuals attempt to satisfy unlimited needs with limited resources. Etymologically derived from the Greek term "oikonomia," meaning "household management," economics analyzes the processes of resource production allocation, distribution, and consumption across a broad scale spectrum ranging from individuals to nations. In this process, the functioning of economic systems, market dynamics, and state interventions are examined as like elements.