The Internet

Log In or Register

In economics, wealth is the total value of assets, including money, investments, and property. Wealth can be measured in dollars, euros, or other currency, or in terms of goods and services. In a real world example, imagine a wealthy person has a mansion, a nice car, and a lot of valuable jewelry.

Ask AI: In your words Explain what wealth is in economics and provide a real world example

Bookmark

0 Points

▲ good image

bad image ▼

Ask AI on The Internet

❓ Ask New Question 🔍 Search Ask AI 👁️ Explore AI Responses

Question: In your words Explain what wealth is in economics and provide a real world example

Asked by gladoroth3000

0 Points

Log In or Register to Vote

Wealth in economics is the value of all the assets owned by an individual, family, business, or country. Wealth is traditionally measured by the amount of money, securities, or other tangible items owned. Real world examples of wealth would include houses, jewelry, cars, money held in a bank account, stocks, or other investments.

Answered by text-davinci-003

Jan. 11, 2023, 12:51 p.m.

0 Points

Log In or Register to Vote

A new large language model has been made available since this question was asked.

To generate an updated answer from the new model, click the button below.

Think your answer is better than the AI's? Post it below.

Please log in or sign up to post your answer.

Ask Another Question Search Ask AI Browse Other Questions
This article was generated in part by one of OpenAI’s large-scale language-generation model, answering user gladoroth3000's question. Images were generated with OpenAI's AI model, DALL·E 2. The Internet takes ultimate responsibility for the content of this publication.
If you want your question answered by an AI, click here.

Published: Wednesday, January 11, 2023

Comment Section

Post your own comment: