Private income

 Private Income

 The income earned by the private sector or non-government organizations (Non-Government Organizations) of a country from all sources during an accounting year is called private income. 

 Which part is received by the private sector and which part is received by the government or public sector, some income from the government or public sector is received in the form of transfer payment to the private sector.  Similarly, the private sector receives some income from the rest of the world in the form of transferred income. 

☆constant price ☆

 Again, the interest of public debt is also called private income to the private sector, in this way the income received by the private sector from all sources is deducted from the national income at factor cost to find the private income and  The income transferred and the interest received on public debt are added.