Answered

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Define the concept "Income" in this context.

Sagot :

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Final answer:

Income is the flow of consumer goods and services available to an individual over time, including earnings from various sources.


Explanation:

Income: The flow of consumer goods and services that a person has the potential to enjoy during a specific period of time. It can be earned through wages, investments, and other sources.

Personal Income: Refers to an individual's total earnings from wages, investment interest, and other sources.

Property: Income is considered one form of property and contributes significantly to measures of wealth.


Learn more about Income and Personal Finance here:

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