Production and other Aggregate: A Re-Examination of the Concepts from a Developing Country's Point of View-A Note

The purpose of this note is to examine the contention that the concepts of production and other aggregates used in the revised U.N, System of National Accounts (S.N.A.) are not very suitable for developing countries. Rather, the concepts prevailing in the literature on economic theory provide the second best alternative in the absence of the most appropriate ones.