Examlex
Which of the following is NOT considered a determinant of income differences?
Initial Sale
The first time a company's product or service is sold, marking the beginning of its commercial journey.
Security
A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.
Financial Intermediaries
Institutions that facilitate the channeling of funds between savers and borrowers, by ensuring the flow of capital.
Pension Funds
Investment pools, typically of large size, established to manage and invest the retirement funds of employees, offering them income upon retirement.
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