Income And Wealth Are Different Terms For The Same Thing Quizlet

Income and wealth are a.

Income and wealth are different terms for the same thing quizlet. Income and wealth are a. Though it is true that income and wealth share common boundaries hence their functionality can be confused. Different terms for the same thing. Income is a flow.

But income and wealth are not the same. Income is the flow of water through the tap. Related in the same way that output is related to input. Different terms for the same thing.

Wealth is a family s or individual s net wroth total assests minus total debts. Asked sep 6 2016 in sociology by capsyman. Start studying wealth and income. Learn vocabulary terms and more with flashcards games and other study tools.

Related in that if a person has a lot of one they are certain to have a lot of the other. Related in the same way that output is related to input. It measures the value of a a stock of assets at a given point of time. Start studying sociology chapter 8.

Income and wealth are. They are not the synonyms of each other. What is the difference between income and wealth. It measures the receipt of money per period of time wealth is a stock.

Related in that if a person has a lot of one they are certain to have a lot of the other. Related in that if a person has a lot of one they are certain to have a lot of the other. Learn vocabulary terms and more with flashcards games and other study tools. To understand the difference lets take an analogy of a water tap.