Personal income
From Wikipedia, the free encyclopedia
| This article does not cite any references or sources. (February 2008) |
In economics, personal income refers to an individual's total earnings from wages, investment enterprises, and other ventures. It is the sum of all the incomes actually received by all the individuals or household during a given period. Personal income is that income which is actually received by the individuals or households in a country during the year from all sources.
See also[edit]
| This economics-related article is a stub. You can help Wikipedia by expanding it. |
The income available with the people of country for consumption and saving is known as personal income. it can be calculated by using this formula: PI=national income-(Income earned but not received + Income received but not earned)