Hey Everyone, we are here with our next video on Economics which is on NATIONAL INCOME , a chapter in Macro Economics of class 12th. As you all know our agenda is to build the confidence of all students by clearing the concepts of chapters or topics in which students lack confidence and score less. We always worked so that the students can understand the topic and prepare themselves for exams. The chapter National Income is one of the topic in which most of the students have problems so here we come with the solution. We have divided the chapter into parts for more clarity and this is the first part of the chapter. This video contains the following: (a) Introduction to National Income ; (b) Meaning of National Income ; (c) Abbreviations used in the chapter and (d) Conversion of Gross into Net or vise a versa; Market Price into Factor Cost and vice a versa ; Domestic into National. We hope you all will like the video and Your concepts will be cleared till the topic we have discussed in the video. We will come with our Next video on Value Added Method shortly.