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Advanced Placement (AP)Advanced Placement (AP)
9 May, 21:02

Four characteristics of accumulated goods that make up economic wealth

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  1. 9 May, 21:21
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    Utility, tangibility, scarcity, transferab.

    Explanation:

    Economic wealth refers to the abundance of goods that a person owns - whether in cash, movable assets, real estate and goods that move on their own, such as cattle. It is also evaluated by the possibility of being a user of essential services, such as health, education, among others.

    The accumulated goods that make up the economic wealth must have utility (they must meet the needs of individuals), tangibility (it must be possible to measure these goods), scarcity (they must present some sacrifice for them to be possessed) and transferability (it must be possible to transfer the good from one individual to another).
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