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Home » Theme 02: Nature and Functions of Organizations and Institutions in an Economy , Theme 04: The individual as Producer Consumer and Borrower , Topic 19: Incomes »

Topic 19: Incomes

Saturday, December 01, 2012

Content

A) Personal Income

Money Income and Real Income
Types of Personal Income
The Distribution of Household Income
Income and Wealth
Marketable Wealth
The Distribution Household of Wealth

B) Wages

Meaning
Types of Wages

C) Wage Differentials

Meaning
Demand for Labour
Supply of Labour
Equilibrium Wage Rate
Backward Bending Supply Curve of Labour
Wage Differentials within an Occupation
Wage Differentials between Occupations
Wage Differentials between Sectors
Mobility of Labour and Wage Differentials

D) Trade Unions

Aims
Types
Claiming for Higher Wages
How Trade Unions raise wages
Government and Wages
Transfer Earnings and Economic Rent

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Labels: Theme 02: Nature and Functions of Organizations and Institutions in an Economy, Theme 04: The individual as Producer Consumer and Borrower, Topic 19: Incomes

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1.4 What determines the price of a good or service in a market? (1)
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3.4 How can we calculate the costs of a firm? (1)
3.5 What is meant by efficiency? (1)
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