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Per stirpes (/ p ɜːr ˈ s t ɜːr p iː z /; "by roots" or "by stock") [1] [a] is a legal term from Latin, used in the law of inheritance and estates.An estate of a decedent is distributed per stirpes if each branch of the family is to receive an equal share of an estate in accordance with their deceased ancestor's share. [3]
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This placement is often, but not always, reversed in economic graphs. For example, in the supply-demand graph at the top of this page, the independent variable (price) is plotted on the vertical axis, and the dependent variable (quantity supplied or demanded), whose value depends on price, is plotted horizontally.
Continue reading ->The post Per Stirpes vs. Per Capita in Estate Planning appeared first on SmartAsset Blog. When creating an estate plan, one of the most basic documents you may wish to include ...
In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital). [1] In general theory and in for example the U.S. National Income and Product Accounts , each unit of output corresponds to a unit of income.
While such ratios do not represent the overall level of inequality in the population as a whole, they provide measures of the shape of income distribution. For example, the attached graph shows that in the period 1967–2003, US income ratio between median and 10th and 20th percentile did not change significantly, while the ratio between the ...