Wht is national wealth and national capital and how it is considered as stock? Explain briefly
Dear Student
National wealth refers to the total value of wealth possessed by the citizens of a country at a specific point in time. It is the total value of wealth and goods generated by all economic activity in a given economy.
National Capital is the total amount of capital goods existing in an economy at a given point of time.
Both National wealth and national capital are measured at a given point of time and thus both are Stock Variables.
Hope this information clarifies your doubts. Keep posting :-)
Regards
National wealth refers to the total value of wealth possessed by the citizens of a country at a specific point in time. It is the total value of wealth and goods generated by all economic activity in a given economy.
National Capital is the total amount of capital goods existing in an economy at a given point of time.
Both National wealth and national capital are measured at a given point of time and thus both are Stock Variables.
Hope this information clarifies your doubts. Keep posting :-)
Regards