class structure is time being process while job is a permanent process
For inferior goods, there is an inverse relationship between the demand for the good and income.
a direct relationship.
Strong and positive
Strong and positive
Though they shouldn't have a direct relationship, higher income usually means higher political power these days.
higher income, more luxery goods. not rocket science.
the rate structure for the individual income tax has been progressive, meaning that tax rates graduate upward as the base of taxable income increases. Different tax rates apply to ranges of income, called brackets.
In economics, there is an inverse relationship between consumer demand and income levels for inferior goods. This means that as income levels increase, the demand for inferior goods decreases, and vice versa.
Yes, there is a relationship between income and the value of the car someone owns. Typically, higher income individuals tend to own more expensive and higher value cars, while lower income individuals may own less expensive vehicles. This relationship is influenced by various factors such as affordability, lifestyle choices, and financial priorities.
Income elasticity measures how the demand for a good changes in response to changes in income. Inferior goods have a negative income elasticity, meaning demand decreases as income increases.
usually negative, if you're a farmer you lose money
Yes, no work and income you have to steal for a living