Question

Mention the characteristics of wealth. ​

Answer 1

Explanation:

Characteristics of Wealth

Characteristics of Wealth(1) It must possess utility. It must have the power to satisfy a want. ...

Characteristics of Wealth(1) It must possess utility. It must have the power to satisfy a want. ...(2) It must be limited in supply. For example, air and sunshine are essential for life. ...

Characteristics of Wealth(1) It must possess utility. It must have the power to satisfy a want. ...(2) It must be limited in supply. For example, air and sunshine are essential for life. ...(3) Wealth should be transferable. ...

Characteristics of Wealth(1) It must possess utility. It must have the power to satisfy a want. ...(2) It must be limited in supply. For example, air and sunshine are essential for life. ...(3) Wealth should be transferable. ...(4) It must have money value.

Characteristics of Wealth(1) It must possess utility. It must have the power to satisfy a want. ...(2) It must be limited in supply. For example, air and sunshine are essential for life. ...(3) Wealth should be transferable. ...(4) It must have money value.(5) It may be external.

Answer 2

Answer:

$\huge\mathbb\red{ANSWER}$$\large\red\implies\star{}$

• It must possess utility. It must have the power to satisfy a want. ...
• It must be limited in supply. For example, air and sunshine are essential for life. ...
• Wealth should be transferable. ...
• It must have money value.
• It may be external.

$\huge\boxed{\fcolorbox{blue}{orange}{hope it helps}}$