X

NEW meaning in Business ?

( 5 )  .  1 Rating
161 views   .  0 comments  .   . 

Download Solution PDF

Answer: What is Net Economic Welfare mean?

Net Economic Welfare is a proposed national income measure that attempts to put a value on the costs of pollution, crime, congestion, and other 'negative' spinoffs, in order to find a better measure of true national income. To date, it has not been widely adopted.

Net Economic Welfare also means - Adjusted measure of total national output, including only the consumption and investment items that contribute directly to economic well-being. Calculated as additions to gross national product (GNP), including the value of leisure and the underground economy, and deductions such as environmental damage. It is also known as net economic welfare (NEW).

reference

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.




Give Rating
Report
Write Your Comments or Explanations to Help Others
Comments(0)





Miscellaneous in Business
MBA HRM Mcqs in Business
MBA Finance Mcqs in Business
Startup Funding
Career Switching
Accounting in Business
Miscellaneous in Business

Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Explore Other Libraries

X




Copyright (c) 2021 TuteeHUB

OPEN APP
Channel Join Group Join