Question

Features of wealth definition

10

Answer 1

Features of wealth :-

The following are the characteristics of wealth:

• Increased stress on wealth: This definition presented considerable value to the nature of money in the economy. According to some economists, the economic success of any country depends on the accumulation of wealth.

• Examining the Nature of Money: According to this definition, economics is also divided with the investigation of the circumstances that led to the creation of wealth.
• Research on the Nature of Wealth: According to this definition the wealth of a nation consists only of physical products.
• Economic Man: This theory states that an economic man converges on his personal goal, that is to earn money

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