Asked by
Muskan Wadhwa
on Nov 09, 2024Verified
Wealth is the amount of money a person receives,usually through wages or salaries,but it can include rents,interest on savings accounts,dividends on stocks,or the proceeds from a business.
Wealth
The abundance of valuable financial assets or physical possessions which can include money, properties, and natural resources.
Wages
Payments received by employees for their labor or services, typically calculated on an hourly, daily, or weekly basis.
Salaries
Compensation received by employees for their labor or services, typically on an annual, monthly, or hourly basis.
- Differentiate between wealth and income.
Verified Answer
RK
Learning Objectives
- Differentiate between wealth and income.