Economic factors- definitions
- Created by: 11pyoung
- Created on: 04-04-16 15:19
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- Economic factors- definitions
- Wealth
- refers to the total value of possessions held by an individual
- Income
- Wages from employment, benefits, pensions, dividends and interest from savings
- Material possesions
- The things someone owns. Some are necessary to survive, will not necessarily make a person happier
- Relative poverty
- Untitled
- Absolute poverty
- lack of resources sufficient to maintain healthy existence
- Wealth
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