Statements related to wealth : a) Wealth means anything which has ma – InterviewSolution

1.	Statements related to wealth : a) Wealth means anything which has market valueand can be exchanged for money.b) It is external to human being.c) Wealth has no utility.d) Wealth is scarce and exchangeable.ans: 1) a, b and d 2) a, c and d3) b, c and d4) None of the above
Answer» In the given options, the correct answer is option 1. ACCORDING to option 1, a, b and d are correct statements. Explanation: Wealth is something which indicates abundant value. This value has the ability of being exchanged against various goods and services. Wealth is actually SCARCE in nature because wealth is available in a small commodity and everyone WANTS it. It is EXCHANGEABLE as well. Wealth is not something which can be exchanged for money THOUGH. Because wealth does not need to be exchanged for money.

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