The Consumer

The Consumer

, The Consumer
and expenditure
Income
of
South African families
-

basic needs need to be met
↳ Money to obtain
goods & services
-> offer labour to the and
economy
in return earn an income



sources income
of

Salaries -> fixedmonthly
Payment Wages -> daily or weekly payment
↳ for work completed
->
temporaly recieve wages
professionals receive -> farm, domestic factory
->
normally workers

a salary
gross salary -> salary before deductions
nett
salary -> Salary after compulsory
deductions such as


tax, UIF 6 Pension

Commission - Payment Pension -> after
a
agent get retirement
for a sale from pension fund
↑




professional fees -> medical docter
Annuity - retirement fund


Bonus Social Elderly, Disabled,
an extra
payment grants
-




poor
↳ Percentage of annual earnings

farming ->
money farmers get for casual income ->
gifts, inheritance
farm produce andbets/Lottery

Profits -> made by selling Fringe benefits -> Extra payment to
money employee
a an

product or service

unemploymentinsurance fund -> UIF

Interest -> money paid to investors

as a return to their
investments


Dividents ->
paid to
money out

Shareholders


Rental income ->
money landlordgets
for
letting real estate