I will start by explaining and enlightening you about certain terms in this post topic “brief income ideas to invest with great return“.
WHAT IS INCOME?
Money one earns by working or by capitalising on the work of others.
Income is money what an individual or business receives in exchange for providing labor, producing a good or service, or through investing capital. Individuals most often earn income through wages or salary. Businesses earn income from selling goods or services above their cost of production.
WHAT IS INVESTMENT?
An investment is an asset or item acquired with the goal of generating income or appreciation. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth.
WHAT IS RETURN?
Simply a profit from an investment.
Let’s begin by listing the common ideas in our everyday lives from the least.
- Trading (Buying and Selling)
- Fashion design (Tailoring)
- NGO ( Non Government Organization)
- Healthcare Services
- Block production