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Nonlabor Income
Income received that does not come from employment or work, such as investment returns or inheritance.
Wage Rate
The amount of money paid to an employee for a unit of time worked, typically expressed per hour or year.
Leisure
Represents time that an individual spends away from work and other compulsory activities, often used for relaxation, recreation, or personal interests.
Nonlabor Income
Earnings received from sources other than employment, such as investments, pensions, or inheritances.
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