Related topics: earnings

Inequality is bad for society, economic prosperity good

Rich countries vary a lot when it comes to health and social problems. A comparison of social ills ranging from intentional homicides to obesity rates in 40 rich societies shows that Asian and European countries fare much ...

Refurbished smart phones—the millennial or Gen X choice

Millions living on the Indian sub-continent aspire to ownership of the technological breakthroughs, smartphones, tablet computers, etc that are now almost ubiquitous in other countries. The question of sustainability arises ...

We need to modernize how we measure national wealth

I recently tried an experiment. I changed several light bulbs, and since one required a little rewiring, I sent my wife (also known as the majority shareholder) a bill for $110.50 (plus GST). In return, she sent me a bill ...

Findings on education, malnutrition 'deeply disturbing'

Despite progress toward global education targets, a new study reveals that 1 in 10 women ages 20-24 in low- and middle-income countries had zero years of schooling in 2017, and 1 in 6 had not completed primary school.

Empowering the communities most vulnerable to disaster

In her prior life, Jaishree Beedasy was teaching chemical engineering courses. Then she decided to pursue her main interest, which is studying the impact of disasters on the health of vulnerable communities. While disasters ...

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Income

Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time." For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.

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