Income of a businessman is called ________.

wage

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salary

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fee

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profit

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Solution

The correct option is C profit
A business is an activity of making money by producing and buying and selling products. It is an entity which is established for earning profit which is the basic motive. Thus the income of the businessman is called profit.

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Which of the following is a true statement?

i. National income refers to the income of individuals of a country

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