Definition: Money earned by providing goods and services by your Human Capital.
Example: When you work for your job you will get paid for your effort.
Essential Question: Why (or why not) is birthday money considered income?
How far are you in your understanding? I can:
1.0: Write a factual statement (not definition) concerning income.
2.0: In your own words (not the teachers), define income.
3.0: Give an example of how education and training can affect lifetime income
4.0: Research 3 careers. For each, determine it's starting income and average income. Give 2 reasons to explain which of the 3 careers you would prefer.