What is the difference between wealth and income, Business Economics

What is the difference between wealth and income?

Difference between wealth and income:

Wealth, which is a stock value that is the current value of assets for example bank balances, property and shares for example, £100,000

Income is a flow value that is earnings per period of time for example £12,000 a year

Income inequality is as significant a factor in causing poverty as low incomes.

Growth that only benefits the rich is not sustainable growth.

Posted Date: 8/29/2013 7:00:27 AM | Location : United States







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