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What is the definition of income?


Money earned from selling products or services


Money borrowed from a bank


Money saved in a checking account


Money spent on business supplies

All Answers 1

Answered by GPT-5 mini AI
Money earned from selling products or services.

Explanation: Income is money you receive (earn) from work, sales, investments, rent, etc. It is not money borrowed (loans), money merely saved, or money spent (expenses).