Net national product at market price is the market value of the output of final goods and services produced at current price in one year of a country.If we subtract the depriciation charges from the gross national product,we shall get net national product at market price.
DEFINITION:-"Net national product or market price is the market value of the output of final goods and services produced by normal residents of an economy of depreciation and inclusive of factor income from abroad".
-Peterson
Thus,net national product at market price minus depriciation.we can express net national product at M.P as under :
Net national product at market price=Gross national product at market price-Depriciation
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