0 votes
in National Income and its Related Aggregates by (67.0k points)

What do you understand by Net National Income at factor cost (NNIFC) ?

1 Answer

+1 vote
by (59.2k points)
selected by
Best answer

At market value, after subtracting the indirect taxes from the net national product, and adding financial support, the amount that remains is called ‘net national income at factor cost’.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.