News tagged with income

Related topics: earnings

Grand-parenting keeps wheels turning

(Medical Xpress)—Postmenopausal women who took care of their grandchildren one day a week had better memory and faster cognitive speed than those who didn't, according to new research from the University of Melbourne.

May 15, 2014
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Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time." For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.

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