Income and Wealth
Income and Wealth
Income is a flow of earnings received over a period of time, such as wages, interest, rent and profit. Wealth is a stock of assets owned at a single point in time, such as property, shares, pensions and savings.
Step-by-step lessons covering Edexcel A A Level Economics 4.2.2 Inequality for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.