Economics A-Level
Income
What Income means in Economics A-Level, as defined for AQA.
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: AQA
A flow of money over time, such as wages or dividends.
Topics that use Income
- The distribution of income and wealth (AQA A-Level)
Related terms
- Asset Ownership
- Asset Price Inflation
- Equality
- Equity
- Equity vs efficiency
- Flow vs Stock
- Gini coefficient
- Government intervention
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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