Money income includes all the income received in the form of money like salary or wages, house rent, gifts, interest earned from bank deposits and otherinvestment.
Real income
Real income is the flow of commodities and services available to families for satisfying their needs and wants.
Psychic income
This is the satisfaction which people experience. It consists of the mental and emotional satisfaction received from the use of money and real income
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Answer:
Money income
Money income includes all the income received in the form of money like salary or wages, house rent, gifts, interest earned from bank deposits and otherinvestment.
Real income
Real income is the flow of commodities and services available to families for satisfying their needs and wants.
Psychic income
This is the satisfaction which people experience. It consists of the mental and emotional satisfaction received from the use of money and real income