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Economics

Sources of Income as a Percentage of Household Income and Sources of Wealth

Households receive income as a return on providing factors of production, and so there are a variety of sources. These include wages, rent, interest, profit. However, for those without factors of production they receive transfer payments from the government.

This income is then accumulated to become wealth.

Watch the video to learn more about the sources of income as a percentage of household income in HSC Economics: