For any business establishment be it a manufacturing company or service provider, following 4 factors are needed. LAND LABOR CAPITAL ENTREPRENEUR Above mentioned factors are known as “Factors of production”. Therefore GDP can be categorized into 2 sections. GDP (MP) and GDP (FC). GDP (MP) means GDP calculated on the basis of Market Price while […]
Tag: gdp
What is GDP? India’s GDP. Take a look. Check your knowledge.
Long time, no blog. Sorry readers, was caught up in something…. Today, I have brought a small blog for all of you who are interested in definition of GDP or the logic behind it’s calculation. Before moving ahead with the concepts let us understand the full forms. GDP – Gross Domestic Product GNP – Gross […]
