What term refers to the money people earn from working?

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Prepare for the Arkansas Game and Fish Commission Exam. Practice with flashcards and multiple-choice questions. Each question includes hints and explanations to help you succeed!

The term that specifically refers to the money people earn from working is "income." Income encompasses wages, salaries, bonuses, and any other form of compensation received in exchange for labor or services provided. It is a fundamental concept in economics and personal finance, as it represents the financial resources that individuals or households can use to meet their needs and manage their expenses.

Wealth refers to the total value of all assets owned by an individual or household, which includes not only income but also savings, property, investments, and other financial assets. Capital typically refers to financial assets or resources that can be used to generate wealth or income, but it does not specifically denote the money earned from work. Expenditure, on the other hand, relates to spending or the amount of money used to buy goods and services, rather than earnings.

Thus, "income" is the most accurate term for the money earned through work, making it the correct choice.

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