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

Q

The speed of signal propagation along an axon strongly depends on its two characteristics or parameters....

Medical Sciences
Q

A researcher wants to estimate the difference in the means of two populations. A random sample...

Basic Math
Q

1 Label the animal and plant cell diagrams below by placing the correct numbers on...

Biology
Q

What is the length of BC Round to the nearest tenth B X C 6...

Geometry
Q

Nolan has a bond with a 6 1 yield a bid price of 475 and...

Geometry
Q

Give the equation of the line with a slope of -1/7 and a y-intercept of...

Basic Math
Q

Ariana Grande sw Classes Power school y 2x 8 Learn with an example Solve this...

Algebra
Q

TRIANGLES Apply your knowledge of angles in similar triangles to answer each question below 1...

Algebra
Q

On January 2, 2020, Gamu Company purchased as a long term investment 10,000 ordinary shares...

Accounting
Q

Morrow Enterprises inc. manufactures bathroom fixtures. The stockholders'equity accounts of Morrow Enterprises inc., with balances...

Accounting
Q

Describe space and form in chiesa di dio padre misericordioso

Accounting
Q

17. You are considering a butterfly spread for ZEUS (Olympic Steel) currently trading for $17.67...

Finance