News tagged with income

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Child development expert 'concerned' by UNICEF report

Queen's University professor Wendy Craig was a research advisor for the new UNICEF Report Card 13: Fairness for Children. The report card reveals Canada ranks 26 out of 35 nations when compared across four key domains of ...

Apr 15, 2016
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Income

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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