Briefly distinguish between money and income, and money and wealth. – Theron Group Blog (2024)

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Money refers to the coins, notes and deposits available as medium of exchange, while income refers to the rewards of factors of production which includes wages, rent, profits and interest. On the other hand, money as stated above is the coins and notes whiles wealth refers to the total assets available to an individual which include the house, paints and money.

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Briefly distinguish between money and income, and money and  wealth. – Theron Group Blog (2024)
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