ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Rammohun Roy

factor income, and if, 'net income' so obtained is deflated further by the index of wholesale prices of all commodities, as is done in the study quoted, declining or even 'negative income' is to be expected,parti- cularly when the price of wheat relative to the wholesale price index has been declining. What is showing a decline is really the deflated net profit after the remuneration to own as well as hired factors of production- land, labour and capital

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