CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

What Is Money

What is 'weal...

Question

What is 'wealth' in Economics? How can 'wealth' be classified?

Open in App

Solution

In economics, wealth refers to those goods which satisfy human wants. Those goods which are relatively scarce and have money value are termed as wealth.

Suggest Corrections

thumbs-up

1

Similar questions

Q. How can 'wealth' be classified?

Q. Wealth can be classified as _____.

Q. In economics, wealth is a ____________ concept.

Q. In economics, demerit of the wealth is :

Q. Wealth cannot be classified as __________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

What is Money

ECONOMICS

Watch in App

explore_more_icon

Explore more

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon