What are non monetary costs related to services?

Also sometimes named as as behavioral price, nonmonetary costs refer to nonmonetary price of obtaining a service, which includes time spent in addition to physical and mental efforts made to search and attain the service (Petrick, 2002:123; Ali, 2007:7-81).

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Accordingly, what are examples of irregular income?

The income is considered irregular when the payments are not made on a regular schedule. An individual may receive income on an irregular or sporadic basis. Examples of irregular income include day labor, on-call work (such as substitute teaching), craft sales, and receipt of spousal support. What are the 7 sources of income? What Are The 7 Streams of Income? Earned Income. Otherwise known as your salary or typical monthly income from your primary job. Business Income. Interest Income. Dividend Income. Rental Income. Capital Gains. Royalties or Licensing Income. Multiple streams of income reduce reliance on one source.

What are the 5 sources of family income?

Detailed income sources were aggregated into five broad categories: Employment (wages and salaries), Self-employment (self-employment and farm), Property (dividends, interest, and rents), Transfer (alimony, child-support, worker's compensation, education, financial assistance, public assistance and welfare, retirement, What is fies survey? The Family Income and Expenditure Survey (FIES) is a sample survey conducted for the Statistics Bureau each month. It aims to grasp actual conditions of income and expenditures of household in order to provide bases for social and economic policies.

Thereof, what is nominal income example?

Nominal wage, or money wage, is the literal amount of money you get paid per hour or by salary. For example, if your employer pays you $12.00 an hour for your work, your nominal wage is $12.00. Similarly, if your employer pays you a salary of $48,000 a year, then your nominal wage would be $48,000. Then, what is an example of real income? Examples of Real Incom. If you earned $50,000 last year and will earn $50,000 this year, you will have the same amount of income. However, if inflation changes, the buying power you used to have will be affected. Your real income goes up because you can buy more with $50,000 this year than you could last year.