Question

differenciate between wealth and welfare​

Answer 1

Explanation:

This includes everything from the cash in your wallet to the value of your house. Your total wealth is the summation of all of these values. In economic terms, welfare is a concept that quantifies the enjoyment you get from doing or consuming something.

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Answer 2

Answer:

ᴛʜɪs ɪɴᴄʟᴜᴅᴇs ᴇᴠᴇʀʏᴛʜɪɴɢ ғʀᴏᴍ ᴛʜᴇ ᴄᴀsʜ ɪɴ ʏᴏᴜʀ ᴡᴀʟʟᴇᴛ ᴛᴏ ᴛʜᴇ ᴠᴀʟᴜᴇ ᴏғ ʏᴏᴜʀ ʜᴏᴜsᴇ. ʏᴏᴜʀ ᴛᴏᴛᴀʟ ᴡᴇᴀʟᴛʜ ɪs ᴛʜᴇ sᴜᴍᴍᴀᴛɪᴏɴ ᴏғ ᴀʟʟ ᴏғ ᴛʜᴇsᴇ ᴠᴀʟᴜᴇs. ɪɴ ᴇᴄᴏɴᴏᴍɪᴄ ᴛᴇʀᴍs, ᴡᴇʟғᴀʀᴇ ɪs ᴀ ᴄᴏɴᴄᴇᴘᴛ ᴛʜᴀᴛ ǫᴜᴀɴᴛɪғɪᴇs ᴛʜᴇ ᴇɴᴊᴏʏᴍᴇɴᴛ ʏᴏᴜ ɢᴇᴛ ғʀᴏᴍ ᴅᴏɪɴɢ ᴏʀ ᴄᴏɴsᴜᴍɪɴɢ sᴏᴍᴇᴛʜɪɴɢ.

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