News tagged with income

Related topics: earnings

Life expectancy rises in poor nations, UN reports

Life expectancy in the globe's poorest countries has risen by an average of nine years over the past two decades, thanks to major improvements in infant health, the United Nations said Thursday.

May 15, 2014
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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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