Income generation refers to the process of creating revenue or earnings through various activities. This can include working a job, running a business, investing in stocks, or renting out property. The goal is to increase financial resources to support personal or organizational needs. Different methods of income generation can be categorized into active and passive income. Active income involves direct efforts, such as a salary from a job, while passive income comes from investments or assets that generate money over time, like real estate or dividends from stocks.