The product approach measuring national income involves adding up the monetary value of all the final goods and services produced in the country during the year. Here we focus on various sectors of the economy, and add up all their production during the year. The main sectors whose production value is added up are:

(i)             agriculture

(ii)          manufacturing

(iii)       construction

(iv)       transport and communication

(v)          banking

(vi)       administration and defense and

(vii)    distribution of income.