2007-02-07 18:08:24 · 4 answers · asked by Anonymous in Education & Reference ➔ Words & Wordplay
Income used to describe wealth does not take into account expenses which sometimes exceed wealth. Also, you need to consider the liquidity of assets (ability to transfer assets into cash), when talking about assets (Assets = Liabilities + Owner's Equity). Assets are things like cars, homes, businesses, equipment, property, etc.
2007-02-07 18:16:38 · answer #1 · answered by MattyG 3 · 0⤊ 0⤋
Wealth is the total already accumulated financial worth of an individual AT A GIVEN TIME. Income is continuous. However, wealth is continuously increased/decreased by income, therefore wealth is also fluid except momentarily at a given time.
2007-02-08 13:16:41 · answer #2 · answered by Just Me 5 · 0⤊ 1⤋
I find nothing wrong with it. If you make it, flaunt it. Most people that object to the way people with money act, are the those that have none.
2007-02-11 21:08:13 · answer #3 · answered by notuptoit2000 2 · 0⤊ 0⤋
Financial income only gives you money.
2007-02-08 02:18:13 · answer #4 · answered by Neil S 4 · 0⤊ 1⤋