Question

what is meant by wealth in economics? point out its characteristics​

Answer 1

Explanation:

Wealth is defined as, "Anything which is useful, directly or indirectly, for satisfying human wants." According to J. M. Keynes, "All that have got value are called wealth." In economic sense all those goods which have value are termed as wealth. Thus, all the goods having value-in-exchange are included in wealth.

Answer 2

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