incense wood vs wood

incense wood and wood both are nouns.

Word	Noun	Adjective	Verb	Adverb
incense wood	Yes	No	No	No
wood	Yes	No	No	No

As nouns, wood is a hypernym of incense wood; that is, wood is a word with a broader meaning than incense wood:

incense wood (noun)	wood (noun)
fragrant wood of two incense trees of the genus Protium	any wind instrument other than the brass instruments
	a golf club with a long shaft used to hit long shots; originally made with a wooden head
	the trees and other plants in a large densely wooded area
	the hard fibrous lignified substance under the bark of trees