Economy, asked by biradarsangeetha, 4 months ago

income definition according to economics

Answers

Answered by XxMissChocolattyxX

6

Explanation:

Income is money what an individual or business receives in exchange for providing labor, producing a good or service, or through investing capital. Individuals most often earn income through wages or salary. Businesses earn income from selling goods or services above their cost of production.

Answered by shruthi060

2

Answer:

hope it helps you ❤️

Explanation:

Income is money what an individual or business receives in exchange for providing labor, producing a good or service, or through investing capital. Individuals most often earn income through wages or salary. Businesses earn income from selling goods or services above their cost of production.

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