economy

definition of contribution

Contribution that is made to something or someone and that may involve money or an immaterial matter

In its broadest use, the term input It refers to that contribution that someone makes to another individual or to an organization. The aforementioned contribution may consist of real property, a sum of money, or it may be a contribution of a spiritual, artistic or intellectual nature. "The contribution that the presence of a professional of his characteristics has given us, in all these years, is truly priceless"; "His campaign received contributions of approximately ten million pesos."

When we talk about contributions that do not have to do with a material good or a sum of money, we will be referring to those that a person produces through some work or development that has been generated in the performance of a specific task within an area. For example, a scientific researcher who, after hard work, manages to develop a vaccine that will cure a dangerous condition.

Also the person who through an intellectual work incorporates a series of ideas and concepts that are of utmost importance for the community in which it develops.

From any area a person can make a contribution, likewise a friend who advises another to avoid a bad step in life will be making a contribution.

Normally, the contributions that someone makes at political, cultural, and intellectual levels, and that due to their scope positively affect people, communities, states, among others, are usually recognized with mentions, awards, which leave a place in history. that fundamental contribution. If we review history in general we will find many examples in this sense, and that are basically those that allowed the great advance and evolution of humanity.

Scientists, intellectuals, politicians, the military, personalities of culture and art mark supremacy in this regard.

Meanwhile, the word has other more specific uses depending on the context in which it is used.

Geography: depositing materials in waters or others

On Geography a contribution will be called to the action and result of depositing materials in a river, glacier, among others.

Social, employer, retirement and capital contributions

On the other hand, social contributions are those shares that have been paid by the associates to the cooperatives or employment funds through periodic fees, paid in money, species or special jobs. No member of a cooperative or a fund such as the one mentioned may have more than 10% of the social contributions and no member as a legal person of a cooperative more than 49%.

Another very common type of contribution that we can find is with the capital contributions, which will be those sums paid in cash or through assets by the partners or shareholders of a company in order to be part of its capital.

The Employer contributions They turn out to be those percentage sums of money that the employer will be obliged to contribute to the state for having employees and that will be linked to the employee's salary. They are carried out for regular periods of one month generally. They are not recoverable for the employer and are essential for those who want to retire, since they are required to keep their employer contributions up to date to be able to access retirement in the future. From the tax concept it is about taxes and in many cases, if they are extremely high, they can influence the competitiveness of the company or organization.

On the other hand, retirement contributions are those made by workers, amounts of money that come from the worker's own salary, and with which a fund is formed that will allow the employee once retired to receive retirement. According to the level of contributions that have been made, the pension received will be higher or lower.

The administration of these funds can be public, that is, be in the hands of the state, or, failing that, private.

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