| A | B |
|---|
| The meaning of equity | Fairness |
| An example of earned income | Salary |
| An example of unearned income | Dividends from investment |
| An example of transer payment | Job Seeker |
| Relative poverty | Having a low income compared to other households |
| Real income | The value of income once inflation is taken into consideration |
| Gross household income | The total value of income from all sources before income tax has been deducted |
| Equivalised income | Adjustment of household disposable income considering number in house |
| Nominal income | The value of income received in actual dollar terms |
| A factor that causes inequality | Unemployment |
| Wealth | The value of assets an entity owns |
| Two types of unemployment | Seasonal and Structural |
