Concepts, uses and limitations of national income accounts...
             Economics is divided into microeconomics and macroeconomics.
             Micro, meaning small is concerned with a section of part of an economy, the study of a particular market, the behavior of households and businesses.
             Macro, or large, means the whole economy is studied, e.g. the output of all industries, the total unemployment in the country, the economic growth of the nation and so on.
             National income is the sum total of all final goods and services produced in a year and measured in money terms. Because it is measured over time, national income is a "flow". A "stock" is a measure at a point of time at the moment; a "flow" is a measure over a period of time. Wealth is a stock concept: it is the sum total of all things of an economic value at a point of time. Examples of the wealth are car, a house, furniture, and bank savings while for example the wages can be income, because it "flows" Leakages
             Ok a circular flow diagram looks like this saving, taxes and imports
             Production ( from household to firm) Injections
             1. L investments, gov.spending and export
             4. Enterprise Goods & Services (from firm to household)
             Consumer Expenditure (from household to firm)
            
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