Entity: REVENUE
Revenue refers to the income received by a business or government from various sources, including taxes, sales of goods, and services. It is crucial for sustaining operations and funding public services.
Revenue
Etymology
The word 'revenue' originates from the Latin word 'revenire,' meaning 'to return.'
Definition
Revenue is the total income produced by a given source, such as a business or government, from various revenue streams.
Historical Context
Throughout history, revenue has played a vital role in funding governments, supporting economies, and sustaining businesses.
Cultural Significance
Revenue is essential for the functioning of societies, as it enables governments to provide public services and businesses to grow and innovate.
Related Concepts
Revenue is closely related to concepts such as profit, income, and taxation.
See Also
- Profit
- Income
- Taxation
The total income produced by a given source, such as a business or government, from various revenue streams.