Which of the following is the characteristics of wealth? (2024)

Which of the following is the characteristics of wealth?

A

Utility

C

Transferability

D

All of the above

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Solution

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Wealth isdefined as possession of valuable things including money. The characteristicsof wealth are that, it is scarce; it can be utilized, and can be transferredfrom person to person or from organization to organization.

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Which of the following is the characteristics of wealth? (2024)
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