BON VOYAGE ‘The heights by great men reached and kept Were not attained by sudden flight, But they, while their companions slept, Were toiling upward in the night.’ – H W Longfellow “That’s one small step for a man, one giant leap for mankind”, said Neil Armstrong, stepping on to the moon’s surface on 21st […]
Tag: statistical problems
What are all the Difficulties in Measuring national income – Studymaterial
In India, a special conceptual problem is posed by the existence of a large, unorganised and non-monetised subsistence sector where the barter system still prevails for transacting goods and services. Here, a proper valuation of output is very difficult. Difficulties: 1 Transfer payments 2 Difficulties in assessing depreciation allowance 3 Unpaid services 4 Income from […]