Regular income is paid to you on a scheduled basis such as once a month, once a week, etc. Irregular income comes to you without a schedule, when you sell a painting, finish a job, etc.
the difference between income and consumption
there is no difference.
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The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
cost
Income statement & balance sheet.
You referring to 'income disparity.'
Revenues are earnings from sales of products and net income is the difference between revenues and expenses.
Inflow of money is income . Outflow of money is expenditure
You pay tax on taxable income and you don't on tax free income