What is Wealth?
- Wealth is the total value of assets used as a store of value.
How Do I Remember It?
- Think of wealth as the “accumulated value” of everything you own. It’s like your financial net worth, representing the value of all your assets minus any liabilities.
Real World Example
- For example, a person’s wealth may include the value of their home, savings in bank accounts, investments in stocks and bonds, as well as any valuable possessions such as jewelry or artwork. Collectively, these assets represent the person’s wealth.
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By: Ryan Aquino
