income n : the financial gain (earned or unearned) accruing over a given period of time [ant: outgo]

Income \In"come\, n.
1. A coming in; entrance; admittance; ingress; infusion. [Obs.] --Shak. More abundant incomes of light and strength from God. --Bp. Rust. At mine income I louted low. --Drant.
2. That which is caused to enter; inspiration; influence; hence, courage or zeal imparted. [R.] I would then make in and steep My income in their blood. --Chapman.
3. That gain which proceeds from labor, business, property, or capital of any kind, as the produce of a farm, the rent of houses, the proceeds of professional business, the profits of commerce or of occupation, or the interest of money or stock in funds, etc.; revenue; receipts; salary; especially, the annual receipts of a private person, or a corporation, from property; as, a large income. No fields afford So large an income to the village lord. --Dryden.
4. (Physiol.) That which is taken into the body as food; the ingesta; -- sometimes restricted to the nutritive, or digestible, portion of the food. See Food. Opposed to output. Income bond, a bond issued on the income of the corporation or company issuing it, and the interest of which is to be paid from the earnings of the company before any dividends are made to stockholders; -- issued chiefly or exclusively by railroad companies. Income tax, a tax upon a person's incomes, emoluments, profits, etc., or upon the excess beyond a certain amount. Syn: Gain; profit; proceeds; salary; revenue; receipts; interest; emolument; produce.

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Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms.

In economics, factor income is the flow (that is, measured per unit of time) of revenue accruing to a person or nation from labor services and from ownership of land and capital.

In consumer theory 'income' is another name for the "budget constraint," an amount Y to be spent on different goods x and y in quantities x and y at prices Px and Py. The basic equation for this is

This equation implies two things. First buying one more unit of good x implies buying less units of good y. So, is the relative price of a unit of x as to the number of units given up in y. Second, if the price of x falls for a fixed Y, then its relative price falls. The usual hypothesis is that the quantity demanded of x would increase at the lower price, the law of demand. The generalization to more than two goods consists of modelling y as a composite good.

• Business Backs Income Tax Rate of 30% - CNBC
  The Institute of Directors has endorsed a radical proposal that recommends replacing part of the U.K. tax system with a single income tax rate of 30 percent and reducing the government’s share of the national economy to one-third, the Financial Times ... Read more on this news related to 'Income'
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  CAMDEN, N.J. — Campbell Soup Co.’s net income slipped by 5 percent in the latest quarter as it struggled to balance higher costs for ingredients and sluggish soups sales, the company said Monday. The Camden, N.J.-based company, which is known for its ... Read more on this news related to 'Income'
• Don’t Believe Obama on Income Inequality - US News and World Report
  You've heard it a thousand times at least. The incomes of middle class Americans have stagnated in recent decades. Those of the rich—the 1 percent—have soared. It is a very compelling, very troubling, and very widely believed observation and ... Read more on this news related to 'Income'