The SNA examines income at the stage of generation, distribution and end-use. The income that institutional units receive as a result of their participation in the production process or the ownership of assets is called primary income. They are paid from the added value created in the production process. The analysis of distribution processes begins […]
Tag: By way
Total personal income
To calculate the total amount of personal income, it is necessary to deduct from the NNP the savings of corporations to add to the remaining amount all types of transfer payments. If all taxes were deducted from the amount obtained in this way, then the total personal income would be identical to personal income after […]
Regional economy and regional policy
The economy of the region is understood as the integral system of management that has developed in it, the totality of all its economic and social factors, as well as the relationships between them and similar factors of other regions, which determines the level of development of productive forces and social processes in the region. […]