From Latin ingressus, entry is the act of entering or the space where you enter. For instance: “Entry is prohibited for persons under 18 years of age”, “Before a cheering crowd, the tennis player had a triumphant entrance to the stadium”, “Excuse me, the entry is made through the other door”, “With the entry of García instead of Ramírez, the team returned to the field of play”.
Bearing this meaning in mind, we have to emphasize that this term is widely used in the hospital setting. Thus, when a person goes to the emergency department of a hospital, an admission form is made where their personal data is established, the time they entered the health center and the condition with which they arrived.
In the same way, the word income is also used when it comes to mentioning that a specific person has come to the hospital because he is going to undergo a surgical intervention and previously has to appear there to have some tests performed. tests and to be assigned a bed.
All this without overlooking that that term is also used to make it clear that a person has started working in a company or has been admitted to an educational center where they will continue with their training in order to achieve a good future.
In an economic sense, income is the flow rates that come into the power of a person or of a organization. A subject can receive income (money) for their work, commercial or productive activity: “I work ten hours a day but the income is not enough”, “The strong demand allowed us to increase the company’s income and increase salaries”, “I would like to save to buy a car but, with this income, it is almost impossible”.
In this sense, it is important to establish that the term we are analyzing is always used in contrast to what would be its antonym: expenses. Thus, both elements are used to determine whether a person’s professional activity is profitable or not. For this, all the expenses that you have made are added on the one hand and the income on the other hand. Then you will proceed to subtract both figures to see if you have obtained benefits, if you will be able to save, or if, on the contrary, you have lost money.
In a economy capitalist, the level of income is associated with the quality of life. The higher the income, the more consumption and saving. In contrast, with little or no income, families cannot meet their material needs.
The income of a State are known as public revenue and are generated from the collection of taxes, the sale or rental of properties, the issuance of bonds and the profits of public companies, among other activities. These revenues allow the development of public spending.
Among the various classifications of income, mention may be made of the ordinary income (that are obtained in a regular and predictable way, such as salary) and the extraordinary income (received from a special event, such as a monetary gift).