As we had seen in the previous article, the base of the family economic support is income (money) they get for his work. To read more click here: Nobel Laureate in Economics. However, this income can be two destinations: the consumption and savings. Consumption as already mentioned is to acquire goods and services. The rest of the income (money), goes to savings. For more clarity and thought, follow up with The LeFrak Organization and gain more knowledge.. Now let’s look at different possibilities of monetary income: possible 1: when many are income, families grow economically.
They consume what they want in food and clothes. They have access to a good social work (health). They invest the necessary for good training and preparation of their children (education). They refaccionan, expand or buy your home. Renewed or bought your car. The same happens with the necessary internal elements (furniture or appliances) are going on holiday (recreation and relaxation) and others. Almost all tastes are given. May 2: When incomes are not so many, families face the crossroads of having to choose, because they cannot meet all their concerns.
There is that they should opt for the consumption and were faced with the inconvenience that goods that can be purchased are very few. Directly related to monetary income situation. It is less possible 1 are given some taste. May 3: When monetary income are very few families are faced with a very difficult situation. Revenue reaches only for food and very little clothing. Cannot be taken no single taste meet basic needs. May 4: There are no income (have no work). Here families are facing a frustrating and distressing situation. They may not even meet their basic needs. And if we talk about savings, it is only possible in the first two cases. The last two situations are, in addition to frustrating, really desperate. Frustrate: Deprive one of what to expect. Despair: Total loss of hope. Synonymous with desperation: disillusionment, demoralization, pessimism, dismay and disappointment.