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Income earned from things you own, such as houses, land, or other buildings, as well as money earned from books, software, or music you have written is known as:

a) Rental income
b) Royalty income
c) Investment income
d) Residual income

User Qfazille
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Final answer:

Income from properties such as houses is known as rental income, whereas money earned from creative works is royalty income. Investment income includes earnings from financial assets, and residual income is the continued earnings after initial work completion.

Step-by-step explanation:

In a market economy, individuals can earn income through various means associated with resources or assets they own. The income earned from things such as houses, land, or buildings, typically through renting them out, is known as rental income. When it comes to earnings from creative works like books, software, or music, the term used is royalty income. It represents payment to the owners for the use of their intellectual property by others. Meanwhile, investment income typically refers to money earned from financial assets like bank accounts, stocks, and bonds in the form of interest, dividends, or capital gains. Lastly, residual income can also refer to the income one continues to earn after the work is completed, often applicable to creative works as well, beyond the initial payment, and it could be considered similar to royalty income in many contexts.

User Xbb
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