The Low Income Cutoff (LICO) is the income level below which a family spends 20 percent more of its income on necessities (food, shelter and clothing) than the average family does. For example, if an average household uses 30 percent of its income to buy necessities, then a household whic...
The meaning of LOW is having a small upward extension or elevation. How to use low in a sentence. Synonym Discussion of Low.
Low-income definition: of or relating to those with a relatively small income.. See examples of LOW-INCOME used in a sentence.
Nine-tenths of those who have a competence know what income they have, and are careful not to spend more. From Project Gutenberg With his vast income, acquired from the spoils of nearly every country in Europe, he maintained his high rank in lordly fashion. From Project Gutenberg ...
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less developed country (LDC) A country with relatively low per capita income and little industrialization. Less developed countries have been major borrowers from a number of banks worldwide. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyri...
Illiquidassets present another issue for a wealth tax. Owners of significant illiquid assets may lack ready cash to pay their wealth tax liability. This creates a problem for people who have low incomes and low liquid savings but own a high-value, illiquid asset, such as a home. Similarly,...
The proportional distribution of factor income across the factors of production is also important in country-level analysis. Countries with low populations but great mineral wealth may see a low proportion of factor income stemming from labor, but a high proportion stemming fromcapital. Meanwhile, nat...
Here are the most common forms of business income: Sales For many businesses, sales of goods are their main form of income. A business can either buy products at a low price and resell them at a higher price to customers, or they can actually make the goods and then sell them. ...
economy, lasting more than a few months, normally visible in real gross domestic product, real income, employment, industrial production and wholesale-retail sales." As the NBER definition of a recession is somewhat vague, economists often consider at least two consecutive quarters of declining U....