Components of Citizens' Income:
- Salary
- State Payments
- Income from Property
- Income from Entrepreneurial Activity
- Inheritance
Brief Explanation: Aggregate income of citizens and their families is formed from various sources. Minimal income is characterized by two economic terms: subsistence minimum and consumer basket.
Definitions:
- Subsistence Minimum: The minimum amount of funds necessary for a person's livelihood.
- Consumer Basket: A list (set) of goods and services necessary for the minimal satisfaction of a person's or family's needs.