Meaning of psychic income in English:

psychic income


mass nounEconomics
  • The non-monetary or non-material satisfactions that accompany an occupation or economic activity.

    ‘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.’
    • ‘Were the costs to the tax-payer offset by the psychic income derived from being a citizen of a great power, or does this proposition mistake acquiescence for enthusiasm?’