What term refers to the income generated from the sale of goods and services?

The term that refers to the income generated from the sale of goods and services is revenue. Revenue represents the total amount of money a business earns from its normal business activities, specifically from the sales of products and services before any expenses are deducted. This measurement is fundamental in assessing a company's performance, as it reflects the effectiveness of its sales strategies and market demand for its offerings.

The other terms listed have distinct meanings within economic contexts. Profit, for example, refers to what remains after all the costs and expenses have been subtracted from revenue, essentially measuring the financial gain of a business. Capital generally refers to the resources, such as funds, machinery, and assets, that a business utilizes to generate future profits. Utility, on the other hand, relates to the satisfaction or benefit a consumer derives from a good or service, rather than the financial aspect of income generation. Understanding revenue is crucial as it is the starting point in evaluating a company's financial health and operations.