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Features of wealth definition

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Sagot :

Features of wealth :-

The following are the characteristics of wealth:

  • Increased stress on wealth: This definition presented considerable value to the nature of money in the economy. According to some economists, the economic success of any country depends on the accumulation of wealth.

  • Examining the Nature of Money: According to this definition, economics is also divided with the investigation of the circumstances that led to the creation of wealth.
  • Research on the Nature of Wealth: According to this definition the wealth of a nation consists only of physical products.
  • Economic Man: This theory states that an economic man converges on his personal goal, that is to earn money

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