Examlex
Define "cultural transmission" in one sentence.
Disposable Income
The fiscal envelope for household spending and saving activity subsequent to income tax adjustments.
Consumption
The purchase and use of goods and services by households, considered a primary component of economic activity and an indicator of the economic health of a nation.
Saving
The act of not consuming all of one's income and instead holding onto it for future investments or expenditure needs.
Disposable Income
The amount of money available to households after paying income taxes, which can be spent on necessities, savings, or leisure activities.
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