statement related to wealth
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a, b and d denotes the statements associated with wealth
Answer: Option 1)
Explanation:
In economics, wealth is associated with anything that has economic value and thereby depict economic goods. These are scarce and can be exchangeable. Wealth is an idea associated with abundance and prosperity and is external to humans. For humans to inherently have economic value, then they would have to be slaves. The key characteristics of wealth are – transferability, utility, marketability, and scarcity.
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statement related to wealth
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1) Wealth means anything which has market value and can be exchanged for money
2) It is external human being
3) Wealth is scarce and exchangeable
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