What is the definition of income in a business context?

In a business context, income is defined as the money received by a business, typically from its operational activities, such as sales of goods and services. This definition encompasses various forms of income, including revenue generated from core business activities as well as any other monetary inflows. Understanding income is essential for evaluating a company's financial health and performance.

When assessing the overall financial performance of a business, it's crucial to differentiate between various financial metrics. While total expenses incurred reflect costs that a business has faced, and net profit accounts for income after expenses are deducted, both of these figures are derived from the primary concept of income itself. Therefore, the definition that highlights the money received directly correlates with the broader understanding of a business's financial activities and health.