________ is defined as the amount of money received.
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the answer i thought is right was INCOME.
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Income is defined as the amount of money received
Explanation:
- Income is the sum of money that a business or an individual receives by exchanging of goods or even services. To fund daily day to day expenditures income is needed.
- At an individual level income is received in the form of salary or wages. For a business they earn income by selling their goods or services at a price above the cost of production.
- In other ways it is an inflow of cash along with other assets
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