Question

distinguish between income and wealth​

Answer 1

Answer:

Wealth refers to the stock of assets held by a person or household at a single point in time. ... Income refers to money received by a person or household over some period of time. Income includes wages, salaries, and cash assistance from the government.

Answer 2

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Wealth refers to the stock of assets held by a person or household at a single point in time. Income refers to money received by a person or household over some period of time. Income includes wages, salaries, and cash assistance from the government.