Wealth (Topic 2)

  • Created by: Ellie Rae
  • Created 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.
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Marketable Wealth
Can be bought and sold e.g car, house, shares and land.
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Non-Marketable Wealth
Cannot be sold e.g. state pension.
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Productive Property
Provides unearned income for owner e.g. rented housing/land.
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Consumption Property
Wealth used by the owner e.g. house, car which are used at the time and not producing any income.
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Income
A flow of money which people obtain from work, investments or the state.
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Earned Income
Received from employment e.g. wages.
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Unearned Income
Received from productive poverty.
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Disposable Income
Money left after paying taxes.
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Discretionary Income
Left after taxes and all necessary bills and expenses.
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Wealth Inequalities
The poorest 10th of the population in the U.K earn less than
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Other cards in this set

Card 2

Front

Can be bought and sold e.g car, house, shares and land.

Back

Marketable Wealth

Card 3

Front

Cannot be sold e.g. state pension.

Back

Preview of the back of card 3

Card 4

Front

Provides unearned income for owner e.g. rented housing/land.

Back

Preview of the back of card 4

Card 5

Front

Wealth used by the owner e.g. house, car which are used at the time and not producing any income.

Back

Preview of the back of card 5
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