Wealth And Income
- Created by: Amcampbell
- Created on: 07-05-14 14:42
View mindmap
- Wealth and Income
- The ownership of property, shares, savings and other assets.
- Marketable wealth: Any type of asset that can be sold and its value realised e.g. land, shares, saving and possessions.
- Non - Marketable wealth: Items that are not able to be sold e.g. pensions.
- Income can be measured in two ways
- 1) Gross Income - a measure of all sources of income before any deductions for income tax and National Insurance.
- 2) Disposable Income - is the income that a household has available for spending and saving after income taxes have been accounted for.
- The ownership of property, shares, savings and other assets.
Comments
No comments have yet been made