Businesses also need tools and machinery to make what we want. Hammers, trucks, and factories are examples of manufactured resources which economists call capital resources . We need income to buy the things we want. We get income from helping with production. People who own the land or materials used by businesses receive rent.
Workers receive wages and salaries for their labor.
Owners of factories and businesses receive profits from the sale of items. Profit takes place if the business is able to sell its production for more than it costs to make. It is production and the sale of goods and services which creates the incomes people receive. If so, your family is using division of labor and specialization . By organizing work in this way we are able to get more done in a shorter period of time.