usually negative, if you're a farmer you lose money
Obviously, there is a close relationship between low income and health. With having low income, your life style will be quite different from those of higher income strata. With low income you will be forced to pay lesser attention to health of self and your family members. This in turn will be evident in your escalated medical expenses. In a family with low income of a developing country, children and pregnant women suffers from malnutrition,which is reflected in their over all health.
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.
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.
Yes, no work and income you have to steal for a living
There is a direct relationship between health, labor, productivity, and income levels. If a person is healthy they can work, be more productive, and therefore make more money.