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Economics glossary · The global economy

Secondary income

What secondary income means in economics, as one of components of the current account, with an example and a question to test yourself.

Definition
Secondary income
Secondary income records transfers, which are payments sent abroad or received without any direct good or service given in return.
Example

Can you think of an example of secondary income?

Test yourself

Can you name the four components of the current account?

Learn it properly: the module

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