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Terms Beginning with P
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Personal Income

Economy Term

Income received by persons from all sources. It includes income received from participation in production as well as from government and business transfer payments.

It is the sum of compensation of employees (received), supplements to wages and salaries, proprietors' income with inventory valuation adjustment and capital consumption adjustment, rental income of persons with capital consumption adjustment, personal income receipts on assets, and personal current transfer receipts, less contributions for government social insurance.



   
     

Personal Income

Economy Term

Income received by persons from all sources. It includes income received from participation in production as well as from government and business transfer payments.

It is the sum of compensation of employees (received), supplements to wages and salaries, proprietors' income with inventory valuation adjustment and capital consumption adjustment, rental income of persons with capital consumption adjustment, personal income receipts on assets, and personal current transfer receipts, less contributions for government social insurance.



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