Question

give essential characteristics of the term 'income'​

Answer 1

Answer:

Characteristics of Income

Income is something which comes in, which means coming into your pocket. Income may not be in cash but even if this can be converted into cash it would be income. Income is something which is periodic in nature, which comes in regularly such as rent, interest, salary & wages.

Answer 2

Answer:

Characteristics of Income

Characteristics of IncomeIncome is something which comes in, which means coming into your pocket. Income may not be in cash but even if this can be converted into cash it would be income. Income is something which is periodic in nature, which comes in regularly such as rent, interest, salary & wages.