National Income
/ˈnæʃənəl ˈɪnkʌm/
Definitions
- (n.) Total monetary value of all goods and services produced within a nation over a specified period, representing aggregate economic activity.
The court considered the national income to assess the economic impact of the new tax legislation.
Forms
- national income
Related terms
See also
Commentary
In legal contexts, national income often underpins assessments related to taxation, economic regulation, and valuation in litigation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.