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🔹 Net National Product (NNP)
Net National Product (NNP) in an economy is the GNP after deducting the loss due to depreciation.

NNP = GNP – Depreciation

➖NNP at Factor Cost:It is the value of NNP when the value of goods and services is taken at the production cost.
➖NNP at Market Price:It is the value of NNP at consumer cost.
➖NNP at market cost = NNP at factor cost + Indirect taxes – Subsidies

Closed Economy: An economy that does not maintain any economic relations with the rest of the world. Economic Goods: Those goods which are scarce in supply and, hence, command a price.
Nominal National Income: The money value of all the final goods and services produced in an economy during a year, estimated at current prices.
Real National Income: The money value of all the final goods and services produced in an economy during a year, estimated at some fixed prices.
Subsidy: It is the grant given on current account by the Government to the private industries and public corporations for selling certain goods at a price fixed by the Government.


🔹 National Income Measurement:
➨ Primary sector: all production units engaged in exploitation of natural resources like Agriculture, Fishing, Mining and Quarrying , Forestry and Logging
➨ Secondary sector: all production units engaged in transforming one good to another like Registered manufacture, unregistered, Construction, Electricity Gas Water supply
➨ Tertiary sector: all units engaged in producing services like Banking&Insurance, Trade, hotel, restaurant, transport, storage , Real estate dwelling, Public administration & defence, other services.

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Hiring 4 Assistant Professors, one each in HR, Marketing, Operations and IT/Systems on a regular basis. Min. 60% in MBA, NET/SET qualified. PhD preferred.  Besides Domain Expertise, good communication and soft skills are must. Being a resident of Navi Mumbai will be a plus point. Industry standard remuneration is on offer. No bar for exceptionally bright candidates. Aspirants in age bracket 30-40 years with min 5 years experience can email their CV to hr@oim.edu.in

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