Introduction to Determination of Income and Employment Income

Dr. Mounica Vallabhaneni

Abstract

Income determination is a crucial component of economic analysis because it enables decision-makers in government, business, and society to gauge the health of an economy as a whole. Employment income is a crucial component of the overall framework for determining income because it serves as the main source of revenue for people and households. With an emphasis on job income, this chapter offers an introduction of the fundamental ideas, approaches, and elements involved in determining revenue. The analysis takes into account both the individual level of income determination and the total level of employment income in an economy, taking into account both microeconomic and macroeconomic views.