Definition
- everything that one earns
- does not include/exclude spending
- purely the inflows of money
Notes
- Individual Earnings
- Wages/Salaries
- free labor market
- Capital Earnings
- Dividends, interests, rents
Types
- labor income
- capital income
- government spending
- disposable income
Related To
- Income Tax with people
- Income Statement with companies
- income inequality with society