Wealth can be classified as _____.
Wealth can be classified as _____.
The correct option is E All of these
Wealth can be
classified as personal wealth, social wealth or collective wealth, national
wealth, and international wealth.
Personal
Wealth (Individual Wealth): The wealth
of a person consists of both material and non-material goods. Thus the wealth
of the person includes such material things as land, houses, furniture,
machinery and so on.
Social
Wealth (Collective Wealth): Social
wealth consists of all these goods that can be enjoyed by all members of a
society. Social wealth includes public roads, public parks, public schools,
government hospitals, public libraries, museums and so on.
National
Wealth: National
wealth includes individual wealth as well as the collective wealth of its
members. That is, it includes besides individual wealth all kinds of public
property, such as roads and canals, buildings and parks and water works.
Cosmopolitan
Wealth: Cosmopolitan
wealth is the wealth of the world. It belongs to no one nation in particular. A
common example of cosmopolitan wealth is the ocean.
Wealth can be classified as personal wealth, social wealth or collective wealth, national wealth, and international wealth.
Personal Wealth (Individual Wealth): The wealth of a person consists of both material and non-material goods. Thus the wealth of the person includes such material things as land, houses, furniture, machinery and so on.
Social Wealth (Collective Wealth): Social wealth consists of all these goods that can be enjoyed by all members of a society. Social wealth includes public roads, public parks, public schools, government hospitals, public libraries, museums and so on.
National Wealth: National wealth includes individual wealth as well as the collective wealth of its members. That is, it includes besides individual wealth all kinds of public property, such as roads and canals, buildings and parks and water works.
Cosmopolitan Wealth: Cosmopolitan wealth is the wealth of the world. It belongs to no one nation in particular. A common example of cosmopolitan wealth is the ocean.
