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nataly862011 [7]
2 years ago
6

19) Define wealth and distinguish it from income.

Social Studies
1 answer:
Gennadij [26K]2 years ago
3 0

Explanation:

<em>Wealth</em><em> </em><em>refers</em><em> </em><em>to</em><em> </em><em>the</em><em> </em><em>stock</em><em> </em><em>of</em><em> </em><em>assets</em><em> </em><em>held</em><em> </em><em>by</em><em> </em><em>a</em><em> </em><em>person</em><em> </em><em>or</em><em> </em><em>household</em><em> </em><em>of</em><em> </em><em>a</em><em> </em><em>single</em><em> </em><em>point</em><em> </em><em>in</em><em> </em><em>time</em><em>.</em><em> </em><em>Income</em><em> </em><em>refers</em><em> </em><em>to</em><em> </em><em>money</em><em> </em><em>received</em><em> </em><em>by</em><em> </em><em>a</em><em> </em><em>person</em><em> </em><em>or</em><em> </em><em>household</em><em> </em><em>over</em><em> </em><em>some</em><em> </em><em>period</em><em> </em><em>of</em><em> </em><em>time</em><em>.</em><em> </em>

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