From Latin ingressus, entry is the login action or the space where you enter . For example: “Admission is prohibited for children under 18 years”, “Before a crowd that cheered him, the tennis player had a triumphant entrance to the stadium”, "Excuse me, the entry is made through the other door", "With the entry of Garcia instead of Ramirez, the team returned to the playing field".
Given that meaning, we have to underline that this term is widely used in the hospital setting. Thus, when a person goes to the emergency department of a hospital, an entry form is made where his personal data is established, the time he entered the health center and the condition with which he arrived.
In the same way, the word admission is also used when it comes to mention that a specific person has gone to the hospital because he is going to undergo a surgical intervention and previously has to appear in it to have some tests and to be assigned a bed.
All this without forgetting that the term is also used to make it clear that a person has started working in a company or has been admitted to an educational center where he will continue his training in order to achieve a good future.
In an economic sense, the income is flow rates that come into the power of a person or of one organization . A subject can receive income (money ) for your work, commercial or productive activity: “I work ten hours a day but the income doesn't reach me”, "The strong demand allowed us to increase the company's revenues and increase salaries", “I would like to save to buy a car but, with this income, it is almost impossible”.
In this sense, it is important to establish that the term we are analyzing is always used in contrast to what would be its antonym: expenses. Thus, both elements are used to determine whether a person's professional activity is profitable or not. To do this, all the expenses that you have made on the one hand and on the other hand the income are added. Then both figures will be subtracted to see if you have obtained benefits, if you can save, or if, on the contrary, you have lost money.
In a economy capitalist, the level of income is associated with the quality of life . The higher the income, the more consumption and saving . On the other hand, with little or no income, families cannot meet their material needs.
The income of a State they are known as public revenue and they are generated from the collection of taxes, the sale or rental of properties, the issuance of bonds and the profits of public companies, among other activities. These revenues allow the development of public spending.
Among the different income classifications, the ordinary income (which are obtained regularly and predictably, such as salary) and extraordinary income (received from a special event, such as a monetary gift).