College

Wealth equals:

A. current income minus spending on current needs.
B. assets minus liabilities.
C. saving minus investment.
D. investment minus saving.

Answer: B. assets minus liabilities.

Answer :

Wealth equals assets minus liabilities.

Wealth is often measured by the value of a person's assets, such as cash, investments, and property, minus their liabilities, which are their debts and financial obligations. This calculation can give a rough idea of a person's net worth, or the amount of money they would have if they sold all their assets and paid off all their debts.

However, wealth is a complex concept that can also be influenced by other factors, such as a person's income, education, and skills, as well as the overall economic conditions in which they live. Thus, Wealth is the profusion of priceless material or financial things that can be transformed into a form usable for commerce.

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