Income And Wealth Are Sociology Quizlet
Income is a flow.
Income and wealth are sociology quizlet. Learn vocabulary terms and more with flashcards games and other study tools. Start studying sociology inequality of wealth and income. It measures the receipt of money per period of time wealth is a stock. Learn vocabulary terms and more with flashcards games and other study tools.
It measures the value of a a stock of assets at a given point of time. Economic inequality wealth and poverty. What is the difference between income and wealth. Wealth is a family s or individual s net wroth total assests minus total debts.
Income is money received by a person for work from transfers gifts inheritances or governemtn assistance or from returns on investments. Learn vocabulary terms and more with flashcards games and other study tools.