Why is national income so important for common man???

 National income national income is the flow of goods and services produced in an economy during a year and prefers to wear and Tear of Capital Asset due to their use in process of production

Introduction 

The total national income of national is called national income nationalism is compliance measures of all economic activity series production and distribution exchange on the unit also an objective indicator of economic Welfare of the people in country according to National Income committed NIC a national instrument measures the volume communities and service based on out during a given period Cottage without duplication dividend income cancer society's of services as received by ultimate country was whether from their material or from their human environment

Feature of national income

The features of national income are 

national income is an microeconomic concept national income includes net income from abroad net income is calculated for every economic theory active income is a flow concept national income is always described in terms of net income includes net value of goods and services produced and it does not include description of as households are the supplies factors of production it is it comes to receive payment similarly as from supply of goods and services the house of sector in its terms with the price payment of goods and services from household sector the money flow makes the flow of national income circular between household items suppliers their services to forms and firms and return suppliers in Goa services of to the household factor the following known as the real flow of product law