Question

what is known as income?
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Answer 1

Answer:

For households and individuals, "income is the sum of all the wages, salaries, profits, interest payments, rents, and other forms of earnings received in a given period of time." (also known as gross income). ... For a firm, gross income can be defined as sum of all revenue minus the cost of goods sold.

Explanation:

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Answer 2

Explanation:

see income means income means what we get that why we also called to income- salary etc means what we get as simple as that

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