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Difference between income and expenditure approach |
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Answer» Answer: ●●●●●●●●●●●●●The major distinction betweeneach approach is its starting point. The expenditure approach begins with the MONEY SPENT on goods and services. Conversely, THEINCOME approach starts with theincome earned (wages, RENTS, interest, PROFITS) from the production of goods and services. ●●●●●●●●●●●● |
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