Question

The material wealth of a society is a function of? all financial assets. all real assets. all financial and real assets. all physical assets.

Answer 1

All real assets have an impact on a society's material wealth.

Describe a real asset.

Real assets are tangible possessions with inherent value derived from their composition and characteristics. Precious metals, commodities, real estate, land, machinery, and natural resources are examples of real assets. Because they have a relatively low correlation with financial assets like equities and bonds, they are ideal for inclusion in the majority of diversified portfolios.

Real, financial, or intangible assets are the three types of assets. To a business or person, all assets can be said to have economic value. An item is regarded as an asset if its worth can be converted into cash.

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