A naukri.com initiative
Dev
3d
124
Image Credit: Dev
How Adam Smith Differentiates Money, Capital, Wealth & Goods
- The purpose of economic activity is to serve and fulfill needs and wants of the population.
- Fulfilling a need or want in the economy is represented by money.
- Wealth represents the ability to satisfy needs and wants of oneself and others.
- Capital is a form of wealth optimized to generate even more wealth.
Read Full Article
7 Likes
For uninterrupted reading, download the app