Definition of psychic income in English:

psychic income

Line breaks: psy¦chic in¦come

noun

[mass noun] Economics
  • The non-monetary or non-material satisfactions that accompany an occupation or economic activity.
    More 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.

More definitions of psychic income

Definition of psychic income in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day skosh
Pronunciation: skōSH
noun
a small amount; a little