Redistribution that takes the form of goods or services rather than cash to ensure consumption of intended items.
A mechanism is incentive compatible if it provides an incentive for economic agents to truthfully reveal private information.
A contract that incorporates incentives designed to induce desired behaviour.
Explanation of incentives as economic tools used to influence actions of economic agents through rewards or penalties.
A comprehensive definition and exploration of the term 'income,' its various types, and implications for individuals with and without financial assets.
An exploration of the method used to calculate GDP by summing up earnings.
The division of total income among different recipients.
The change in demand for a good whose price has altered which would have resulted if prices had stayed the same, but incomes had risen or fallen sufficiently to bring the consumer to the same level of welfare as after the price change.
Income earned working for another person, firm, or government body. Can be measured including or excluding benefits in kind or net of deductions.
Income derived by individuals from unincorporated businesses, combining wages and returns on capital.
A programme of economic assistance designed to raise the welfare levels of low-income families.
Measurement approach of domestic product by calculating factor incomes received.
