Meaning Of Money Income

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Meaning of money income. The term income is very important in economics because all the types of income earned by households are spent. Income is money or some equivalent value that an individual or business receives usually in exchange for providing a good or service or through investing capital. Economics money income received in the form of money rather than in other forms. Thus income table can be presented as.

Economics money income ˈmoney ˌincome uncountable economics people s income in the form of money rather than benefits in kind etc the difference in real income between the university graduates and other groups is greater than those shown by money income alone because of better fringe benefits. It may originate from the sale of productive services as wages interest profit and rent. The research project considers mechanisms for the distribution of money income between people. Income is used to fund.

Money income from longman business dictionary related topics. Meaning and concepts on income. In simple sense income is defined as the flow of money or goods according to an individual or a group of individuals a firm or the economy over some period. Money income the dollar amount of income without regard for purchasing power inflation or other factors that may affect an income s value.