national income
Definition:
The sum of the earnings from all factors of production in current use in an economy i.e. producing goods and services, and excluding any transfer incomes i.e. any income which accrues other than in payment for current services to production.
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© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [Michael J. Baker], [1998].