Question

Wealth Group of answer choices is a flow concept. refers to accumulated financial assets only. refers to accumulated real assets only. refers to accumulated financial and real assets.

Answer 1

Wealth refers to accumulated financial and real assets.

Step-by-step explanation:

Wealth is a measure of the total market value of all assets owned by an individual, company or country, which includes all tangible and intangible assets that can generate income or can be converted to cash. It is the net worth of an individual, company, or country.

Wealth does not only refer to accumulated financial assets or only to accumulated real assets, it refers to both accumulated financial and real assets.

Answer 2

refers to accumulated financial and real assets.

Step-by-step explanation:

Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of scarce resources.

Real assets are the tangible possessions owned by a business, while the financial assets are the securities a business entity has, that can easily be converted into cash.