A Note on the Nature and Determination of Income.

This article describes the nature and determination of income in Great Britain. Determines the identified income as equivalent to personal consumption without any corresponding recognition of the concepts of saving and capital maintenance. Identifies the theoretical tool for analyzing the economic behavior of the individual. It was not intended for practical application in a non-human collective structure and organization such as the firm. The income should not be dismissed on the basis of an incorrect inter-disciplinary transplantation.