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labor income

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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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“Labor income.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/labor%20income. Accessed 21 Apr. 2021.

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