What is INCOME ???

Income is the consumption and savings opportunity gained by an entity within a specified timeframe, 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.

What is MONEY ???

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country.

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