What is a income and Saving please defin it...?
Answers
Answer:
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.
Savings refers to the amount left over after an individual's consumer spending is subtracted from the amount of disposable income earned in a given period of time. Savings can be used to increase income through investing.
Explanation:
Answer:
Savings is the amount remaining after a person's consumer spending is subtracted from his or her disposable income.
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.