Income - Increase in Income

Increase in Income

Income per capita has been increasing steadily in almost every country. Many factors contribute to people having a higher income such as Education, globalisation and favorable political circumstances such as economic freedom and peace. Increase income also tends to lead to people choosing to work less working hours. Developed countries defined as countries with a "developed economy" and higher incomes as opposed to a developing countries tend to have lower incomes.

Read more about this topic:  Income

Famous quotes containing the words increase in, increase and/or income:

    As we grow older, we increase in folly—and in wisdom.
    François, Duc De La Rochefoucauld (1613–1680)

    Official dignity tends to increase in inverse ratio to the importance of the country in which the office is held.
    Aldous Huxley (1894–1963)

    We commonly say that the rich man can speak the truth, can afford honesty, can afford independence of opinion and action;—and that is the theory of nobility. But it is the rich man in a true sense, that is to say, not the man of large income and large expenditure, but solely the man whose outlay is less than his income and is steadily kept so.
    Ralph Waldo Emerson (1803–1882)