How is money typically earned?

Prepare for your CXC Home Management Exam. Use flashcards and multiple-choice questions with hints and explanations. Get ready for success!

Money is typically earned through income, services, or goods. This option reflects the fundamental means of generating revenue in an economy. Income refers to the money received for employment or business activities, while services entail activities performed for others in exchange for payment. Goods relate to items produced and sold to consumers. Together, these components encompass the primary ways individuals and businesses generate financial returns.

The other options, while they may involve some form of financial gain, do not represent the standard methods of earning money. Volunteer work is usually unpaid, focusing on community service rather than income generation. Investing in stocks can lead to profits, but this is considered a method of generating income from investments rather than direct earning through services or goods. Selling personal belongings might provide cash but is generally not a systematic way to earn money as a reliable source of income.

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