Income and wealth are different
Income and wealth are different
Income is the money a person or household receives over a period of time, such as a week, month or year. It is called a flow because it is measured across time.
Step-by-step lessons on OCR GCSE Economics 3.3.1 Distribution of income and wealth. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.