national income
noun
the total net earnings from the production of goods and services in a country over a period of time, usually one year, and consisting essentially of wages, salaries, rent, profits, and interest.
Compare
gross national product,
net national product.
Origin of national income
First recorded in 1875–80
Words nearby national income
British Dictionary definitions for national income
national income
noun
economics
the total of all incomes accruing over a specified period to residents of a country and consisting of wages, salaries, profits, rent, and interest