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Define wealth. - Economics

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प्रश्न

Define wealth.

व्याख्या
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उत्तर

Wealth, in economics, refers to all goods which satisfy human wants and for which payments are made. More precisely, wealth is all things that have money value and it may be in the form of material goods like machines, land and buildings or non-material things like copyrights or patents.

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पाठ 3: Basic Concepts of Economics - QUESTIONS [पृष्ठ ५०]

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जे. पी. गोयल आणि कौशल गोयल Economics [English] Class 9 ICSE
पाठ 3 Basic Concepts of Economics
QUESTIONS | Q 11. (i) | पृष्ठ ५०
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