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real income
real income
Danh từ
This term is a technical economic concept used to distinguish between the nominal amount of money earned and the actual volume of goods and services that money can buy. It is primarily used in formal academic, political, and financial contexts to discuss standards of living and economic health.
Because it is a compound noun describing a conceptual measurement, it is treated as an uncountable noun. It does not typically take a plural form in standard economic discourse, as it refers to a general economic metric rather than individual instances of income.
Ý nghĩa
Từ liên quan
nominal incomepurchasing powerinflationdeflationconsumer price indexstandard of livingwagesalaryearningsstagnationhyperinflationeconomymacroeconomicsmicroeconomicsgross domestic productcost of livingprice levelmonetary policyfiscal policypurchasing power paritydeflatordisposable incomenet incomegross incomewealthprosperitypovertyaffordabilityconsumptionspendingbudgetsavinginvestmentinterest ratecurrencyvaluationmarket valueprice indexeconomic growthrecessiondepressionproductivitylabor marketemploymentunemploymentbasket of goodsutilitydemandsupplyequilibriumfiscal yeartaxationbracketdeductionrevenueprofitsurplusdeficitmonetizationliquidityassetliabilityequitycommoditytrade balanceexchange ratestagflationeconomic indicatorbenchmarkindexation