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Statistical Terms

Income

Definition
  • Refers to cash and spot incomes which increase the assets of a household
Commentary
  • Composed of 'Current Income' including wage and salary income received by a household and a household member for labor rendered, transfer business income earned from self employed business, property income such as interests·dividend etc., transfer income from government, households and non-profit institutions etc. and 'Non-Current Income' generated from congratulations and condolences, retirement.
Source KOSTAT (Household Income and Expenditure Survey)
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