Final answer:
Income refers to earnings from work and any investments.
Step-by-step explanation:
Income refers to earnings from work and any investments.
In a market economy like the United States, income comes from the ownership of resources or assets. This can include wages, salaries, commissions, tips, interest, dividends, and rental income.
For example, someone who works a job and also earns interest from their bank account and dividends from stocks would have multiple sources of income.