is a flow of factor incomes such as wages and earnings from work; rent from the ownership of land and interest & dividends from savings and the ownership of shares
1 of 5
Wealth
is a stock of financial and real assets such as property, savings in bank and building society accounts, ownership of land and rights to private pensions, equities, bonds etc
2 of 5
Absolute poverty
the number of households unable to afford certain basic goods and services
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Relative poverty
Relative poverty measures the extent to which a household’s financial resources falls below an average income level.
4 of 5
positive externalities
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5 of 5
Other cards in this set
Card 2
Front
is a stock of financial and real assets such as property, savings in bank and building society accounts, ownership of land and rights to private pensions, equities, bonds etc
Back
Wealth
Card 3
Front
the number of households unable to afford certain basic goods and services
Back
Card 4
Front
Relative poverty measures the extent to which a household’s financial resources falls below an average income level.
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