Income

A) is a stock concept.
B) consists of accumulated assets.
C) is a flow concept.
D) consists of wages only.

Income

The income earned, particularly on a consistent basis, from employment or investment returns.

Stock Concept

An economic term describing quantities measurable at a point in time, such as wealth or capital.

Flow Concept

A term used in economics and finance to describe quantities measured over a period of time, such as income or expenses.