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| Money Income | Real Income |
| (i) Money income refers to income received in form of the currency of a country. | (i) Real income refers to the purchasing power of money income. |
| (ii) E.g. Income received in cash, ₹ 50,000/- per month. | (ii) E.g. Commodities purchased out of given income. |
| (iii) It is not influenced by a change in the price level. | (iii) It declines with a rise in the price level. |
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