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Income is money received regularly by a legal entity, most often a person. If it is received in exchange for work (i.e. employment), then it is also a wage.
Types of income include:
- employment income, aka wages: income from employment
- free income: our term for various concepts more commonly referred to as UBI, BIG, etc.; any kind of centrally-distributed income that isn't the result of employment or investment
- living income: income sufficient to live on
- Economic disparity is sometimes referred to as income disparityA or income inequalityA.