*

BY:1/C SALAO Q
1/C SANTOS JM
 *
*Income is the consumption and saving
opportunity gained by an entity within a
specified timeframe, which is generall
*Income is the consumption and
saving opportunity gained by an
entity within a specified timeframe,
which is generally expressed in
monetary terms.y expressed in
monetary terms.
*Income is the consumption and
saving opportunity gained by an
entity within a specified timeframe,
which is generally expressed in
monetary terms.
*In economics, "factor income" is the
return accruing for a person, or a
nation, derived from the "factors of
production": rental income, wages
generated by labor, the interest
created by capital, and profits from
entrepreneurial ventures.