Question

Explain single source of wealth

Answer 1

Answer:

Explanation:

Source of wealth is how you got the funds, for example from selling a property, an inheritance payment or a divorce settlement. Source of funds means the details of the bank account that the investment funds come from.

Answer 2

Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of scarce resources. Specific people, organizations, and nations are said to be wealthy when they are able to accumulate many valuable resources or goods. Wealth can be contrasted to income in that wealth is a stock and income is a flow, and it can be seen in either absolute or relative terms.

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