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Income effect |
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Income effectThat portion of the effect of price on quantity demanded that reflects the change in real income due to the price change. Contrasts with substitution effect.Similar MatchesPhantom incomePhantom incomeIncome from a limited partnership that creates taxability without generating cash flow. Adjusted gross incomeAdjusted gross incomeIn the US, a person's income on which federal income tax is calculated. This is gross income less adjustments such as Individual Retirement Account, Simplified Employee Pension Plan, Keogh Plan and alimony payments but before itemised deductions such as state and local income taxes, interest expenses and medical expenses. Loss of income insuranceLoss of income insuranceInsurance coverage that will pay out income that a policyholder loses as a result of a disability, injury, or business disruption. Earned incomeEarned incomeCompensation earned from employment, which includes wages, salary, tips, and compensation. Supplemental Security IncomeSupplemental Security IncomeA Social Security program established to help the blind, disabled, and poor. Further SuggestionsIncome elasticIncome elasticity Income fund current income Income distribution minimum income guarantee Unearned income (revenue) family income benefit (family income assurance) Income dividend income Gross income income shares income from property Allocation of income rules Employee Retirement Income Security Act (ERISA) nominal income High withholding tax interest income Income inelastic deferred income income dividend Income baskets social security disability income insurance Tax exempt income fund Personal income Postponing income |
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