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Economics A Level (DONEEEEEEE)

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Pregunta:

What is different about Wealth and Income? Why may they be Similar?

Autor: go kys



Respuesta:

-Income is a FLOW of Money while Wealth is a STOCK of Money -The Wealth isn’t being used in the Circular Flow, but can be at some Point [Depends on Liquidity] -But both can have a Correlation. High Income people will have High Wealth eg as they can Purchase more Expensive Items, and more Money to Save


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Autor

go kys
go kys