Is money like energy and mass........mass can't be created nor destroyed.....that stuff.
Basically can the rich get richer and the poor also get richer (and of course everyone in between also get riches).
Just curious.
2007-12-02 15:43:44 · 2 answers · asked by My name is not bruce 7 in Social Science ➔ Economics
Is there essentially a limited amount of wealth out there is what i'm asking? Taken into account all possible natural resources, even the ones not found yet.
FOr me to make more money does someone else have to make less money.
2007-12-02 16:11:46 · update #1
No
Money and wealth are created by people. Natural resources are only valuable when someone figures out how to use them. Oil was just nasty gunk before someone invented the internal combustion engine. The Earth is not a closed system, every day the suns energy replenishes our resources. See graph showing wealth increasing in the world over the last 2000 years.
http://www.visualizingeconomics.com/2007/11/21/last-2000-of-growth-in-world-income-and-population-revised/
2007-12-02 17:14:34 · answer #1 · answered by meg 7 · 0⤊ 0⤋
Please restate the question. Some relevant financial concepts
legal
save
grow
2007-12-02 23:57:42 · answer #2 · answered by timberline06450 3 · 0⤊ 0⤋