QNS.1 Net National Product.ANS:-
Net national product
(NNP) is the total market value of all final goods andservices produced by citizens of an economy during a given period of time (grossnational product or GNP) minus depreciation. The net national product can be similarlyapplied at a country's domestic output level. The net domestic product (NDP) is theequivalent application of NNP within macroeconomics, and NDP is equal to grossdomestic product (GDP) minus depreciation: NDP = GDP ± deprec
QNS.2 Average Revenue.
This term is used by companies that offer subscription services toclients for example, telephone carriers, Internet service providers, and hosts. It is ameasure of the revenue generated by one customer phone, pager, etc., per unit time,typically per year or month. In mobile telephony, ARPU includes not only the revenuesbilled to the customer each month for usage, but also the revenue generated fromincoming calls, payable within the regulatory interconnection regime.
QNS.3 Monopolistic Competition.
is a common market structure where manycompeting producers sell products that are differentiated from one another (ie. theproducts are substitutes, but are not exactly alike). Many markets are monopolisticallycompetitive, common examples include the markets for restaurants, cereal, clothing,shoes and service industries in large cities. The "founding father" of the theory of monopolistic competition was Edward Hastings Chamberlin, in his pioneering book on
Theory of Monopolistic Competition
QNS.4 Disposable Income.
is gross income minus income tax on that income.
is income after subtracting taxes and normal expenses (such asrent or mortgage, utilities, insurance, medical, transportation, property maintenance,child support, inflation, food and sundries, &c.) to maintain a certain standard of living. Itis the amount of an individual's income available for spending after the essentials (suchas food, clothing, and shelter) have been taken care of:Discretionary income = Gross income - taxes - necessities