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The return in money from one's business, labor, or capital invested; gains, profits, salary, wages, etc.

The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income is not a gain accruing to capital or a growth in the value of the investment, but is a profit, something of exchangeable value, proceeding from the property and being received or drawn by the recipient for separate use, benefit, and disposal. That which comes in or is received from any business, or investment of capital, without reference to outgoing expenditures.


n. money, goods or other economic benefit received. Under income tax laws, income can be "active" through one's efforts or work (including management), or "passive" from rentals, stock dividends, investments and interest on deposits in which there is neither physical effort nor management. For tax purposes, income does not include gifts and inheritances received. Taxes are collected based on income by the federal government and most state governments.


noun allowance, annuity, business profits, commercial profits, compensation, consideration, fees, financial remuneration, financial resources, fringe benefits, gain derived from capital, gain derived from labor, gains, gross, gross income, gross reeurn, increase in amount of wealth, livelihood, means, money coming in, net return, pay, payment, pecunia, periodic returns from property or labor, proceeds, profit from conversion of assets, profit from sale, profits, profits of commerce, quaestus, receipts, recompense, return in money, return on capital, revenue, salary, sale proceeds, something produced by capital, stipend, subsidy, value received, vectigal, wage, wages, wealth
Associated concepts: accumulated income, actual income, affordable housing, aggregate income, annual net income, current income, deferred income, division of income, emmloyment law, estimated income, garnishment of income, gross income, income-bearing property, income execution, income tax, income tax evasion, income yield, legacy, life income, low income, minimum wage, net income, retireeent income, social security income
See also: alimony, annuity, capital, earnings, finance, honorarium, money, pay, proceeds, profit, receipt, recompense, rent, resource, retainer, revenue, substance, wage

INCOME. The gain which proceeds from property, labor, or business; it is applied particularly to individuals; the income of the government is usually called revenue.
     2. It has been holden that a devise of the income of land, is in effect the same as a devise of the land itself. 9 Mass. 372; 1 Ashm. 136.

References in periodicals archive ?
The results confirmed that seasonality moderates the relationship between consumer characteristics and per capita apparel expenditure: the income elasticity of apparel expenditure varied by season as did the effects of age, ethnicity, household size, region, and housing tenure.
As already noted, because both the predictor and the criterion variables are expressed logarithmically, the estimated coefficient of the log of respondent gross income can be read directly as the income elasticity of tourist expenditures.
What effect does the exclusion of these other variables in the model have on the estimated income elasticity of demand?
The income elasticity of demand is the ratio of the percentage change in quantity demanded product X to percentage change in income, and shows how many percent will change the demand for product X if there is 1 percent change in consumer income.
Long run price and income elasticity of cigarette demand using quarterly data, Peru, 1993-2012 Variable Dependent variable: Ln (a) (consumption of cigarettes) Coefficient Standard error Ln (real cigarette prices) -0.
In the same way, Atique and Ahmad (2003) have computed income elasticity of exports supply for Pakistan and have found significant and positive coefficient of 3.
As noted in Income Elasticity of Expenditure section, I construct data on [DELTA][u.
The estimated outcomes depicts that for a panel of GCC countries the income elasticity of oil demand is positive for Bahrain, Kuwait, Oman and Saudi Arabia.
As a result, any estimation of aggregate demand to arrive at measures of a representative consumer's income elasticity of demand and price-elasticity demand is essentially an empty exercise because the restrictions (values) placed on the income elasticity and price elasticity are presupposed prior to any estimation.
Hence, in line with recent research on health expenditure and supported by the availability of a unique database dating back to 1970, I aim at measuring the income elasticity of insurance from a panel time series perspective.
The second line of the studies, henceforth, referred to as the elasticity method; involve a direct estimation of import and export demand prices and income elasticity.
Mulligan (1997) points out that it violates the principle of opportunity equity that children of the rich get better education than those of the poor and then argues that intergenerational income elasticity could serve as a measure for social opportunity equity.