0
Relative income measures your income in relation to other members of society, weighing it against the standards of the day. Absolute income, meanwhile, does not take into consideration those other factors, but simply reflects the total amount of earnings you have received in a given period.
What else can I help you with?
Difference between net income and gross income?
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
What is the difference in tax rates between k1 income and 1099 income?
The difference in tax rates between K-1 income and 1099 income is that K-1 income is typically taxed at the individual's personal tax rate, while 1099 income is subject to self-employment taxes in addition to income taxes.
Distinquish between savings and financial surplus?
This is the difference between Income and Expenditure in a non-profit making business, where the income exceeds expenditure
What is the difference between capital income and capital expenditure?
Income is money coming in, expenditure is money going out (spending).
What is the difference between deduction for AGI and deduction from AGI?
The difference between deduction for AGI and deduction from AGI is that deduction for AGI reduces your total income before calculating your adjusted gross income, while deduction from AGI reduces your adjusted gross income after it has been calculated.
What type of poverty is defined by comparing an individual's income and agaainst a group average?
relative absolute
What is the difference between consumption and income?
the difference between income and consumption
What is the differences between absolute poverty and relative poverty?
Absolute poverty would be describing someone who owns nothing. Relative poverty is someone who makes less then a certain amount of money per year, putting them well below the average income level.
What is the difference between income and earnings?
there is no difference.
What is the difference between personal income and disposable income?
a
Difference between absolute and relative poverty?
relative poverty depends on what era or social group you come from like if a grandama thinks it okay to give a baby alcohol to make him sleeo nowadays we would think that is wrong, absolute morality is when something is stricktly right or wrong so you should NEVER kill is absoulute morality.
Difference between gross income and net income?
JLJLHLHLHIIH
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
What is the difference between a western European absolute monarch and an eastern European monarch?
eastern absolutism had serfdom as its main form of income while western absolutism had the textile industry
What is the difference between income and profit?
cost
Difference between net income and gross income?
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
What is the Difference between income effect and substitution effect?
Income effect-change in the amount that consumers will buy because their income changed.substitution effect-change in the amount that consumers will buy because they purchase goods instead.substitution effect the change in demand for a good when the relative price between a good and its substitute changes. income effect the change in demand for a good when the income of the consumer change.
