Today’s “Word of the Day” is “disposable income” and it is a noun meaning “it is the amount of money that is available to an individual for spending & saving after deducting taxes (whereas discretionary income is the amount of money that is available for spending & saving after deducting taxes & paying essentials/necessities)”.
Example Sentence: “the hourly wages in India have been $1.7; they are $38, $24, $20.7 and $3.3 for the United States, Japan, South Korea, and China, respectively. Low wages have a direct bearing on the disposable income of families and leave little room (freedom) for the majority of households (families) to have enough disposable income to purchase consumer durables or industrial products, affecting demand”.
This word is present in The Hindu article The economic reforms — looking back to look ahead and click here to read it.
Courtesy: The Hindu
“Phrasal Verbs” We Learnt Last Week
“Idioms & Phrases” We Learnt Last Week
“Important Definitions” We Learnt Last Week