Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.[1][2][3] However, for households and individuals, "income is the sum of all the wages, salaries, profits, interest payments, rents, and other forms of earnings received in a given period of time."[4]

In the field of public economics, the term may refer to the accumulation of both monetary and non-monetary consumption ability, with the former (monetary) being used as a proxy for total income.

Gross income can be defined as sum of all revenue. Net income = Revenue - Expenses


Increase in income

Income per capita has been increasing steadily in almost every country.[5] Many factors contribute to people having a higher income such as education,[6] globalisation and favorable political circumstances such as economic freedom and peace. Increase in income also tends to lead to people choosing to work less hours. Developed countries (defined as countries with a "developed economy") have higher incomes as opposed to developing countries tending to have lower incomes.

Other Languages
Afrikaans: Inkomste
العربية: دخل مالي
বাংলা: আয়
беларуская: Даход
български: Доход
català: Ingrés
Cymraeg: Incwm
dansk: Indkomst
Deutsch: Einkommen
Ελληνικά: Εισόδημα
español: Ingreso
Esperanto: Rento
euskara: Irabazi
فارسی: درآمد
français: Revenu
한국어: 수입 (회계)
Հայերեն: Եկամուտ
हिन्दी: आय
hrvatski: Dohodak
italiano: Reddito
עברית: הכנסה
ಕನ್ನಡ: ಆದಾಯ
қазақша: Табыс
Kiswahili: Kipato
Latina: Reditus
lietuvių: Pajamos
Bahasa Melayu: Pendapatan bersih
မြန်မာဘာသာ: ဝင်ငွေ
Nederlands: Inkomen
नेपाली: आय
日本語: 収入
norsk: Inntekt
ਪੰਜਾਬੀ: ਆਮਦਨ
polski: Dochód
português: Renda
română: Venit
русский: Доход
Scots: Income
sicilianu: Ngressu
Simple English: Income
srpskohrvatski / српскохрватски: Prihod
svenska: Inkomst
Tagalog: Kita
தமிழ்: வருவாய்
татарча/tatarça: Керем
Türkçe: Gelir
українська: Дохід
中文: 收入