Asked by Abhishek Kulkarni on Jun 05, 2024
Verified
The money and economic assets that a person or family owns is called
A) income.
B) property.
C) stocks.
D) wealth.
Economic Assets
Resources with economic value that an individual, company, or country owns or controls with the expectation that it will provide future benefits.
Wealth
Money and economic assets that a person or family owns.
Income
Amount of money a person receives, usually through wages or salaries.
- Distinguish between income, property, wealth, and their roles in economic status.
Verified Answer
MD
mariel de la motaJun 10, 2024
Final Answer :
D
Explanation :
Wealth refers to the accumulated assets and financial resources a person or household owns, including income, property, stocks, and other investments.
Learning Objectives
- Distinguish between income, property, wealth, and their roles in economic status.