Economics B A-Level
Income
What Income means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Income
Check what you remember
Read the wording for your board, then hide it and explain Income in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A flow concept, representing the money received by an individual or household over a specific period.
Topics that use Income
- Re-distribution of income and wealth (Pearson Edexcel A-Level)
Related terms
- Government intervention
- Incentives to work
- Income inequality
- Progressive taxation
- Relative poverty
- Taxation and benefits
- Wealth distribution
- Labour market participation
Using Income in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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