- PRIMARY INCOME OR MAIN INCOME
- INVESTMENT INCOME
- NET INCOME
- GROSS INCOME
In simple words, whatever you are earning is your income. For example, salary is your income if you are a salaried person.
If you are a small business person, then net business income is your income.
There is a myth that Income is Capital. You can describe income as an Increase In Capital, not Capital Itself.
Income is part of Capital.
Conversion of Income into Long term Capital