Income and Outline of economics

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Difference between Income and Outline of economics

Income vs. Outline of economics

Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. The following outline is provided as an overview of and topical guide to economics: Economics – analyzes the production, distribution, and consumption of goods and services.

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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Capital (economics)

In economics, capital consists of an asset that can enhance one's power to perform economically useful work.

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Consumer choice

The theory of consumer and choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves.

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Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

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Globalization

Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide.

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Income tax

An income tax is a tax imposed on individuals or entities (taxpayers) that varies with respective income or profits (taxable income).

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Land (economics)

In economics, land comprises all naturally occurring resources as well as geographic land.

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Lorenz curve

In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth.

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Measures of national income and output

A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income also called as NNI at factor cost (NNI* adjusted for natural resource depletion).

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Net national income

Net national income (NNI) is an economics term used in national income accounting.

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Public economics

Public economics (or economics of the public sector) is the study of government policy through the lens of economic efficiency and equity.

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Wealth

Wealth is the abundance of valuable resources or valuable material possessions.

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Welfare

Welfare is a government support for the citizens and residents of society.

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