What are the three methods of measuring national income?Primarily there are three methods of measuring national income. Which method is to be employed depends on the availability of data and purpose.
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Elasticity of demand is known as price-elasticity of demand. Because elasticity of demand is the degree of change in amount demanded of a commodity in response to a change in price.
There are billions of stars in the universe. In addition, there are innumerable other heavenly bodies such as planets, asteroids, noons, etc. These various heavenly bodies in the universe are separated by very large distances. These distances are so large that the ordinary units of length fall extremely small for measuring them.
In chemistry, most reactions are carried out in solutions. In order to perform calculation, it is necessary to know concentrations of the solutions. The quantity of solute dissolved in a given mass or volume of the solution or the solvent is called concentration of the solution.