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The term convergence means two things converging upon each other or getting closer. In the case of economics and income it means two separate countries or economies whose income usually average income is converging or getting closer over time. An example would be the average income in the Mexico and the Untied States hypothetically getting closer over time.
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Definition of annual income?
is yearly pay.
How does convergence promote consumer welfare?
under what condition international convergence promote consumer to taste?
If a good is a normal good what will happen to its consumption as income increases?
The definition of a Normal Good is: a good that will increase in consumption as income increases and decrease in consumption as income decreases.
What is the difference between trended and untrended rent income?
Untrended NOI Definition
What is a definition of a regressive tax system?
A tax system that puts a greater burden on low-income people than on high-income people
What is the definition of convergence pressure?
In chemistry, the convergence pressure is a specific point where two component systems converge. These two systems usually have different liquid vapor equilibriums.
Definition of cultural convergence?
Cultural convergence refers to a movement towards a global cultural unity. It aims to lessen the tensions between groups from different cultural backgrounds.
What is definition of personal income?
An individual's income.
What has the author Peter Doyle written?
Peter Doyle has written: 'Real convergence to EU income levels' -- subject(s): Economic conditions, Economic development, Income
What is best definition of taxable income?
the portion of your income that is eligible for taxation
What part of speech is convergence?
Convergence is a noun.
Best definition of taxable income?
The portion of a persons income that is eligible for taxation
What is the definition of graduated income tax?
The higher your income, the higher percentage you pay.
What is the definition of income?
income is what you can earn including your salary, other suport income like your rental income and some profit payment
Definition of annual income?
is yearly pay.
What is a example of convergence?
Convergence of telecommunications
What is the definition of convergence?
Coming together. (Again, depends on context) E.g. when looking down a set of railway tracks, the two rails seem to converge in the distance, but this is just an optical illusion. convergence means to approach from different directions or come together
