Difference Between Money & Income
Money and income are two different words that refer to two different things. Money is considered as an intangible concept that is only visible in numbers. Income is the amount of money that an individual has managed to save following their spendings.
Money is a stock: a certain amount at a given point of time.
Income is a flow of earnings per unit of time.
Money generally accepted in payment for goods and services or in the repayment of debts and is disctint from Income and Wealth.
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