defining income

  • PRIMARY INCOME OR MAIN INCOME
  • INVESTMENT INCOME
  • NET INCOME
  • GROSS INCOME

In simple words whatever you are earning is your income .For example if you are salaried person salary is your income .

If you are small business person than net business income is your income .

There is a myth that Income is Capital .You can describe income is Increase In Capital not Capital Itself.

Income is part of Capital .

Conversion of Income into Long term Capital

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