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Value Added Method

This method is also called Product Method or Inventory Method or Net Output Method

As per this method

We calculate National Income by calculating and adding Value added by different firms

Lets Learn about it step by step

 

What is Value Added?

It is the addition to economic value of product

at each stage of production Process

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NCERT Questions

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Other Books

Question 1

Discuss briefly the Value Added Method.

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Transcript

Value Added Method This method is also called Product Method or Inventory Method or Net Output Method As per this method We calculate National Income by calculating and adding Value added by different firms Lets Learn about it step by step What is Value Added? It is the addition to economic value of product at each stage of production Process NCERT Questions No questions in this part Other Books Question 1 Discuss briefly the Value Added Method. -a- This method is also called Product Method or Inventory Method or Net Output Method As per this method We calculate National Income by calculating and adding Value added by different firms From this, we reduce Depreciation, Indirect Taxes and Add Net Factor Income from Abroad to calculate National Income Lets Learn about it step by step -ea-

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years and a teacher from the past 16 years. He teaches Science, Economics, Accounting and English at Teachoo