What is the distinction between money and income?

Question

Quizplus · Accepted Answer

Income is a flow concept that refers to the amount of money earned over a certain period of time, like wages, salaries, or profits. On the other hand, money is a stock concept that refers to the amount of currency or other financial assets held by an individual or organization at a given point in time. While income is a source of money, money can also come from sources like savings, investments, or borrowing.

What Is the Distinction Between Money and Income