Because leisure and income are both valued, we have to decide whether to work, or do what we want.
View moreGoing to work implies more income but less leisure.
View moreStaying at home is more leisure yet less income.
View moreDisposable income is one of the standard terms of economics and finance.
View moreThat definition is this: Disposable income is whatever is left over after taxes.
View moreThe term disposable income comes from the idea that you have money left over to dispose of, or spend, as you wish.
View moreIn general, the more money you make, the more disposable income you will have (although you are also taxed at a higher rate).
View moreA person or family can make a budget for the month based on disposable income and know exactly how much money they will have that month to spend on things like rent or mortgage, food, insurance, car payments, and entertainment.
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