Sociology, asked by jamal3209, 4 days ago

Difference between personal wealth and national wealth


Answered by lavi6063


personal wealth: The non-material goods like the good-will of a businessman and his professional connections are external to him. Such are marketable through which he can acquire material goods and hence more income. So such non-material goods are also included in personal wealth.

national wealth: National wealth is also known as social wealth. The following elements are taken into account for the calculation of national wealth.

(i) Public property like roads, railways, dams, bridges, parks, canals, museums, ports, monuments etc. constitute national wealth.

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