Wealth (Topic 2) 0.0 / 5 ? SociologyPoverty, wealth and welfareASAll boards Created by: Ellie RaeCreated on: 05-04-17 23:42 Wealth Property in the form of assets which can be sold and turned into cash for the owners benefit. 1 of 11 Marketable Wealth Can be bought and sold e.g car, house, shares and land. 2 of 11 Non-Marketable Wealth Cannot be sold e.g. state pension. 3 of 11 Productive Property Provides unearned income for owner e.g. rented housing/land. 4 of 11 Consumption Property Wealth used by the owner e.g. house, car which are used at the time and not producing any income. 5 of 11 Income A flow of money which people obtain from work, investments or the state. 6 of 11 Earned Income Received from employment e.g. wages. 7 of 11 Unearned Income Received from productive poverty. 8 of 11 Disposable Income Money left after paying taxes. 9 of 11 Discretionary Income Left after taxes and all necessary bills and expenses. 10 of 11 Wealth Inequalities The poorest 10th of the population in the U.K earn less than 11 of 11
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