In this podcast I am explaining about domestic income and national income the difference and how to convert domestic income into national income and national income and domestic income by using net factor income from abroad. Basically NFIA refers to factor income received from abroad minus factoring compared to abroad. To convert national income into domestic income and FIR will be subtracted from national income. And while we are calculating national income through domestic income that time we add net factor income from abroad in domestic income. Basically domestic income focuses on the territory where goods are income is produced on the contrary when we are talking about national income the focus is on who is producing instead of where.--- Send in a voice message: https://podcasters.spotify.com/pod/show/economicsstudy/message