ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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true
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false
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Either A or B
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None of the above
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Detailed explanation-1: -“Disposable income is used to pay for living expenses and the essentials of life-rent, mortgage, transportation, food, and insurance, ‘’ says Trevor Yochum, certified financial planner, CIMA®, managing partner, and investment advisor at Incompass Financial Partners.
Detailed explanation-2: -Disposable income is net income. It’s the amount left over after taxes. Discretionary income is the amount of net income remaining after all necessities are covered. Economists monitor these numbers at a macro level to see how consumers save, spend, and borrow.
Detailed explanation-3: -The correct answer is Personal disposable income = personal income – personal tax payment – non-tax payment.
Detailed explanation-4: -Savings refers to the part of the income which is not spent on the consumption of goods and services in the economy.