Factors Affecting National Income: 5 Factors | Economics

The following points highlight the top five factors affecting national income. The factors are: 1. Natural and Human Resources 2. Technical Knowledge 3. Political Stability 4. Terms of Trade 5. Foreign Investment. Factor # 1. Natural and Human Resources: The quantity and quality of a country's resources exert perhaps the most important influences on its national in­come. For example, fertile [...]