Economics… Economics Terms Series Part 7 – Wealth, Salary, Utility, Miscellaneous 9 May 20209 May 2020 WEALTH The stock of financial and non-financial assets a person or a household owns that have monetary value. SALARY An annual rate of pay, often paid to employees in professional…
Economics… Economics Terms Series Part 6 – Assets, Revenues, Capitals, Sectors, Diseconomies, Population, Merger, Miscellaneous 6 May 2020 PHYSICAL ASSETS Non-financial assets or physical products, such as commercial and residential properties, that have value and therefore contribute to wealth. FINANCIAL ASSETS Non-physical assets, such as bank deposits, shares,…
Economics… Economics Terms Series Part 3 – GDP, Factors of Production, Market, Contrary Miscellaneous 30 Apr 20202 May 2020 APPRECIATION (in the value of a currency) A rise in the rate at which a national currency can be exchanged for another currency or currencies, i.e. a rise in the…
