definition: The term per capita is used in the field of statistics to indicate the average per person for any given concern, e.g. income, crimeusage:The per capita income of public school teachers in America is approximately $45,000aka per person things
  • per capita
  • public sector
  • transfer payment
  • private sector
definition: Way in which the nation's income is divided among families, individuals, or other designated groupsusage: The nation's economists measure and analyze the social and economic factors that influence how the annual distribution of income for individuals and families affects individuals and the country as a whole.
  • public sector
  • distribution of income
  • private sector
  • transfer payment
definition: payment for which the government receives neither goods nor services in return.usage: A transfer payment are goods or services supplied to its residents like Social Security, welfare, unemployment compensation, and aid for people with disabilities.
  • transfer payment
  • per capita
  • grant-in-aid
  • private sector
definition: Transfer payment from one level of government to another not involving compensationusage: A grant-in-aid usually has requirements or standards about how the monies are spent
  • grant-in-aid
  • public sector
  • private sector
  • per capita
definition: That part of the economy made up of the local, state, and federal governments.usage: Many people disagree as to what separates the public sector from the private sector
  • per capita
  • public sector
  • private sector
  • grant-in-aid
government spending decisions directly affect how resources are allocated and redistributing income - distribution of incomecompeting with private sectors
  • the two types of Government spending
  • private sector
  • public sector
  • impact of government spending
definition: The part of the economy that involves the transactions of individuals and businesses.usage: Businesses such as corporations and individual owned businesses make up the private sector.
  • per capita
  • private sector
  • grant-in-aid
  • public sector
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