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I'm no expert, but I would think wages and potentially income benefits are the only incomes you could consider? So would it be easier to compare these to the immediate expenditure of the household?
Cost of living - Council and income taxes, cost of services such as gas and electricty, how much food and drink costs locally
Cost of transport - Is public transport available, is it cost effective? Does the household posses a car, how much does this cost to run? Etc
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∙ 13y ago
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What are the types of income distribution?
Personal income distribution and functional income distribution :)
Can government spending directly affect both the allocation of resources and the distribution of income?
True
What Factors affect consumer spending?
The factors that affect consumer spending are: Size of Income, Future Expenditures, and Social Influences.
Income distribution in Philippines?
the income is income
What is functional distribution of income?
When the focus is on how the tax system changes the distribution of income among capitalists, laborers, and landlords. This is referred to as the functional distribution of income.
What does Disparity of Income Distribution mean?
it means distribution of income is how a nation's total economy is distributed amongst its population. Classical economists are more concerned about factor income distribution,that is the distribution of income between the factors of production,labor land and capital. Distribution of income is measured by Lorenz curve and Gini co
Factors which determine country's standard of living?
Key factors that determine a country's standard of living include its level of economic development, income distribution among the population, access to education and healthcare, quality of infrastructure, political stability, and social welfare programs. These factors influence the overall well-being and quality of life for citizens in a particular country.
What are the types of income distribution?
Personal income distribution and functional income distribution :)
What are the factors to be fulfilled by Bangladesh to be middle income country?
There are factors that need to be fulfilled by Bangladesh to be middle income country. One of the biggest problems to be tackled is inequality on terms of income and wealth distribution.
Within which to affect?
There are many of factors like the income we get that affect our daily lives.
Can government spending directly affect both the allocation of resources and the distribution of income?
True
What two key factors contribute to the differences in income distribution?
Two key factors that contribute to the differences in income distribution are education and job skills. Higher levels of education and specialized job skills tend to lead to higher paying job opportunities, which can contribute to a more unequal income distribution in a society. Additionally, systemic factors such as discrimination, globalization, and technological advancements can also play a role in income inequality.
What Factors affect consumer spending?
The factors that affect consumer spending are: Size of Income, Future Expenditures, and Social Influences.
What is the difference between personal and functional distribution of income?
The personal distribution of income shows how income, regardless of its source, is divided by quintiles among all the families in the country. The functional distribution of income shows the sources of income, as payments to the four factors of production: labor, entrepreneurs, physical capital, and land (natural resources). The breakdown is: wages and salaries, proprietors' income, corporate profits, interest, and rents.
How did industry affect the distribution of wealth in the US?
The income gap between rich and poor grew smaller.
Income distribution in Philippines?
the income is income
What are the three factors that affect budgeting?
the 3 factors that influences a budget are unexpeted income, unexpected expenses and inflation...
