ECONOMICS
INCOME DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wealth
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Income
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Either A or B
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None of the above
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Detailed explanation-1: -The eight capitals: intellectual, financial, natural, cultural, built, political, individual and social. To build a region’s wealth, WealthWorks considers not just financial assets, but includes the stock of all capitals in a region.
Detailed explanation-2: -Wealth is the possession of a large amount of money, property, or other valuable things. You can also refer to a particular person’s money or property as their wealth.
Detailed explanation-3: -Owning land is important because it is a source of wealth. Land can be harvested and the materials grown on it sold for profit. Factories, warehouses, and buildings can be built on land that will facilitate business. Land can be leased in return for income.
Detailed explanation-4: -Level 1: Financial Stability. Level 2: Financial Security. Level 3: Financial Freedom. Level 4: Financial Abundance. 23-Aug-2022