Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. what exactly do we mean by the term wealth? why is

What exactly do we mean by the term WEALTH? Why is it important?

60.1K

Verified Solution

Question

Finance

What exactly do we mean by the term WEALTH? Whyis it important?

Answer & Explanation Solved by verified expert
4.3 Ratings (747 Votes)
In financial termswealth basically means the value of all resources put together that is owned by a person or a society in general However in a broad sense it can be said that wealth is a state of mind if an individual thinks he is wealthy he is and if he think he is not he is not It is    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

What exactly do we mean by the term WEALTH? Whyis it important?

Other questions asked by students

Operations Management
1.2K views

Compare and contrast the legal issues associated with any two business organizations.

Biology
1.2K views

Which is not a good attribute for a model system in genetics?A. long generation timeB....

Physics
1.2K views

Effective capacitance of parallel combinatio of two capacitors C and C is 10 uF Whe...

Calculus
1.2K views

Find the area under the curve 2 a f x x 1 over 1 1...

Algebra
1.2K views

What does the solution of the following system of linear equations represen geometrically 2 1...

Accounting
1.2K views

Which of the following was not a result of the sarbanes-oxley act? ...

Accounting
1.2K views

"The best means of verification of cash, inventory, office equipment, and nearly all other assets...

Accounting
1.2K views

Golf Unlimited carries an inventory of putters and other golf clubs. The sales price of...

Accounting
1.2K views

Alpha Company provided the following balance sheet for Year 2: ...

Accounting
1.2K views

in an S corp, what legal fees are deductible? can you deduct legal fees for...

Accounting
1.2K views

Mid-South Auto Leasing leases vehicles to consumers. The attraction to customers is that the company...

Finance
1.2K views

NBCC Ltd. directors are contemplating to choose the best modern asset from the following two....