Income Defined
Income is literally the receipt of services and goods received by individuals. It does not include by rights the money earned or cash given to them.
This takes into account varied areas and different industries. For example the growth of grain, whether it has been sold or not is considered income in the form of a usable and profitable asset. In education and public health, the future development of money making medical techniques and other inventions or methods have a profitable prospect even if they have not been sold as products or services at the time. Living standards are also included in income, covering some two hundred different factors.