Related topics: earnings

New tools are needed to make water affordable, says study

Rising water prices are forcing many households in the United States to choose between rationing water or risking shutoff by leaving bills unpaid. A study in Environmental Research Letters shows that government agencies and ...

Income

Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time." For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.

This text uses material from Wikipedia, licensed under CC BY-SA