Kōrero: Income and wealth distribution

Determining income

Determining income

There is no simple definition of income. This diagram illustrates the different components of the three major kinds of income used in economic analysis in New Zealand: personal market income, which is derived from the three factors of production (land, capital and labour); personal disposable income, which takes into account government taxes and transfer payments (such as social security benefits); and household income, which includes the personal income of all members of a household.

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Me pēnei te tohu i te whārangi:

Brian Easton, 'Income and wealth distribution - Factor income', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/diagram/23791/determining-income (accessed 13 November 2019)

Story by Brian Easton, published 11 Mar 2010