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income| Earnings of an individual or business organization over a period of time. Gross earnings are earnings before tax and other deductions, while net earnings are earnings after tax. Earned income is income received from working, while unearned income is income such as interest and dividends from financial and other wealth. Part of the income for a company is the value of its turnover. The income of a whole economy is often measured by gross national product (GNP) or gross domestic product (GDP). The study of the allocation of a country's national income is known as distribution theory. |
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