Unformatted text preview: garments as final products, plus the value of some amount of cotton thread and cloth which might have been used for direct consumption. Second, the product method emphasizes production of tangible goods. Therefore it is possible that useful services such as those of teachers, musicians etc. get excluded or underestimated. Third, under product method, part of the goods produced such as grains, vegetables, fruit etc. may not be marketed at all but used for self-consumption by the household members of the producers. Evaluating the contribution of non-marketed products and to add this to the national income becomes a difficult task. Hence the value of this method is limited....
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- Fall '10
- National Income, final product, product method