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psychic income

Line breaks: psy¦chic in¦come

Definition of psychic income in English:

noun

[mass noun] Economics
The non-monetary or non-material satisfactions that accompany an occupation or economic activity.
Example sentences
  • If we hold an egoistic social ethic, then obviously we can only applaud the maximization of monetary income, or of a mixture of monetary and other psychic income, on the market.
  • All suppliers in free markets restrict their supplies in the sense that they only supply as much of a good or resource as they determine will maximize their monetary or psychic income.
  • To be sure, real income is important, but psychic income is even more important.

Definition of psychic income in:

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