Definition of psychic income in English:

psychic income

Pronunciation /ˈsīkik ˈinˌkəm/ /ˈsaɪkɪk ˈɪnˌkəm/ /ˈiNGˌkəm/ /ˈɪŋˌkəm/

noun

Economics
  • The nonmonetary or nonmaterial 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?’