What is commodity service method?
Dear Student
Commodity service method is also known as Value added method this method is used to calculate National income by the different phases of production.
Value-added refers to the increase in value of goods at each stage of production.
Value added= value of output - Intermediate consumption.
For covering this topic in detail you can go through the provided link under the topic Methods of calculating national income-
https://www.meritnation.com/cbse-class-12-commerce/economics/introductory-macroeconomics/national-income-accounting/studymaterial/59_16_341_1987_5834
Regards
Commodity service method is also known as Value added method this method is used to calculate National income by the different phases of production.
Value-added refers to the increase in value of goods at each stage of production.
Value added= value of output - Intermediate consumption.
For covering this topic in detail you can go through the provided link under the topic Methods of calculating national income-
https://www.meritnation.com/cbse-class-12-commerce/economics/introductory-macroeconomics/national-income-accounting/studymaterial/59_16_341_1987_5834
Regards