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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.
Consider another company, Lateco, which has just received its fifth round of investment. These rounds have been: Series A: CP ($5M FV) or converts to 5M shares of common. Se
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what is the ethics of command economics?
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