NATIONAL INCOME • DICTIONARY ONE.COM • Definition of National income

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/nˈæʃənəl ˈɪnkˌəm/ Listen

National income

noun

The total value of all income in a nation (wages and profits and interest and rents and pension payments) during a given period (usually 1 yr).

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Etymology of 'National income'

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"National income" Quotes from Famous Books

... and revenue of England had, a little before this period, been rated at four millions a year; so that the revenues of the monks, even comprehending the lesser monasteries, did not exceed the twentieth part of the national income; a sum vastly inferior to what is commonly apprehended. The lands belonging to the convents were usually let at very low rent; and the farmers, who regarded themselves as a species of proprietors, took always care to renew their leases ...

— The History of England in Three Volumes, Vol.I., Part C. - From Henry VII. to Mary • David Hume

Words linked to "National income" : value