There are three attributes on wealth in economics. These may differ from what most people think of when they think of wealth. The attributes are marketability, scarcity, and utility.
What are the principles of economics
interface of economics to business
Explain the nature & scope of business economics.
There is no patron saint of wealth.
Wealth is a term used to describe anything which can be a utility depending upon the need. In terminology of economics wealth is a pool of tangible or intangible assets such as goodwill or strong brand image which can be a resource of gain. While money is the valued entity which can be exchanged for another utility item. It's different from the wealth which is a more general word to express pool of utility. Money can be considered a subset of the set wealth. A demand draft or credit card can qualify as money. But cash is specifically used for a means of exchange which is approved by a regulatory body as currency. So dollars and euro come under the category of cash, and cash is a subset of money. -JP Morgan
Economics
Economics is a science of wealth.
economics is the study of wealth
Economics is the study of wealth and its distribution.
Adam smith
Economics is a science of wealth.
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Economics can help you in many aspects.The definition of economics is - "An inquiry into the wealth of nations"-Adam Smith Therefore economics helps us to understand the wealth scenario of environments not necessarily restricted by size.
Economics.
Economics is the study of the mechanisms by which humans allocate resources. As such, it is a study of human behavior. Human behavior is not derived from physical laws (or, sometimes, even rational decisions), so it falls outside the realm of "hard" science.Economics is a social science because it is the study of the distribution of wealth, consumptive patterns, and means of production. Social stratification determine all of these attributes of economics, and thus economics is a social science.
What is the study of production, consumption, and transfer of wealth? The answer would be economics.
Adam Smith