labor income

noun

Definition of labor income

: the annual income of a farmer after business expenses and an interest charge for capital invested are subtracted to compare labor income with city salaries, the value of house rent and the products used must be added— H. E. Botsford

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Learn More About labor income

Dictionary Entries Near labor income

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Cite this Entry

“Labor income.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/labor%20income. Accessed 28 May. 2022.

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