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Income and employment - Coggle Diagram
Income and employment
Basic Types of Income
Employee Compensation
Wages
Fringe Benefits
Health and accident insurance
Proprietor Compensation
Corporation Profit
Interest
Savings accounts
Lending money
Transfer Payments (gifts, inheritances)
Employment
Worker Categories
White-collar workers
Secretaries
Teachers
Insurance agents
Blue-collar workers
Artisans
Carpenters
Plumbers
Service workers
Janitors
Barbers
Police
Farm workers
Wealth
Components of Wealth
Possessions
House
Car
Jewellery
Financial Assets
Savings accounts
Corporation stocks
Economic Interconnections
Money Circulation
Spending becomes income for someone else
Multiplication effect in the economy
Investment spending
Impact on production and construction