Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Relation between Money - wealth and income?
Money isn't the same as wealth. An individual may be very wealthy however have no money (for instance by owning stocks and real estate). Another individual may have a lot of money however no wealth. This would be the case if an individual with no wealth borrows money from a bank. She will have money (for instance in the form of a deposit in the bank) however no wealth because this deposit exactly matches the outstanding debt. Be careful with this distinction: do not say 'Anna has a lot of money' if you mean that Anna is wealthy.
Money is not same as income and income is not same as wealth. Income is a flow (for instance it is currency units per month) whereas wealth or money is a stock (measured at a certain point in time). Again, it's very possible to have a high income though no money and no wealth, or to be very wealthy and have a lot of money however no income. This is another distinction to be careful with. Do not say that 'Sam makes a lot of money' if you mean that Sam has a high income. Money has a very specific definition in economics!
Gross Domestic Capital Formation Production requires services of fixed assets such as machinery, equipment and structures as well as working capital i.e. stocks of raw materia
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Answer the following questions for a hypothetical economy whose situation in year 1 was as follows: M = $800 billion; long-term annual growth of real GDP = 3%; V = 4. The bankin
Explain the Gains from Trade of market. Producer Surplus, Consumer Surplus, Gains through Trade and Efficiency of Markets: Consumers and producers both are better off since
Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automaticall
Price Mechanism Price mechanism is the point, which equilibrates supply and demand within a market. It is a mechanism of pricing. The price mechanism is one, which permits the p
Bread is a related good to peanut butter: show on the graph of the market for peanut butter, the impact on the price and quantity from an increase in the price of bread.
An investor has a choice of 2 investment opportunities. The first investment yields a gain of $2800 with probability of 0.37, a gain of $1100 with probability of 0.27, and otherwis
Determine the Long-term direct investment flows Long-term direct investment flows are when investors buy physical assets like land or capital equipment in another nation. This
At first, it may seem obvious that consumption will rely on Y. If GDP is doubled in real terms over a number of years, government consumption, private consumption and investment wi
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd