Name a source of income associated with each of the following people:
Retired person
Employed person
Unemployed person - Junior Cycle Business Studies - Question 1 - 2019
Question 1
Name a source of income associated with each of the following people:
Retired person
Employed person
Unemployed person
Worked Solution & Example Answer:Name a source of income associated with each of the following people:
Retired person
Employed person
Unemployed person - Junior Cycle Business Studies - Question 1 - 2019
Step 1
Retired person
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Answer
A retired person typically receives a pension as a source of income after they finish their working career. This pension is often provided through government programs or private pension plans accumulated during their employment.
Step 2
Employed person
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Answer
An employed person earns wages or a salary based on the work they perform. This income is paid by an employer and can vary depending on the job position, hours worked, and company policies.
Step 3
Unemployed person
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Answer
An unemployed person may receive a job seekers allowance or dole, which is financial support provided by the government to assist individuals who are actively seeking employment.
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