BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Total of all the things you own that have a value, or could create money for you in the future
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Money a company or an individual can keep, after all expenses have been paid
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The total amount of money a business or individual brings in
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satisfaction or usefulness obtained from acquiring one more unit of a product
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Detailed explanation-1: -What Is Wealth? Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of scarce resources.
Detailed explanation-2: -In economics, wealth refers to those goods which satisfy human wants. Those goods which are relatively scarce and have money value are termed as wealth.
Detailed explanation-3: -What is wealth creation? Wealth creation refers to building wealth through a variety of methods using financial products. When you invest in financial products for a long period, you get back higher returns.