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FACTORS THAT DETERMINE NATIONAL INCOME — Economics Keypoint

FACTORS THAT DETERMINE NATIONAL INCOME

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  1. Availability of adequate educational facilities, which tend to increase productivity.
  2. Availability of adequate natural resources and its effective utilization in a country.
  3. Social and political stability also enhances productivity.
  4. Instability in political atmosphere, which tend to reduce outputs while stability encourages increased productivity.
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