A newspaper article contains the statement: "Income is only one way of measuring wealth."

Source: Sam Roberts, "As the Data Show, There's a Reason the Wall Street Protesters Chose New York," New York Times, October 25, 2011.

Do you agree that income is a way of measuring wealth?

Question

20-06-2024
Business

High School

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A newspaper article contains the statement: "Income is only one way of measuring wealth."

Source: Sam Roberts, "As the Data Show, There's a Reason the Wall Street Protesters Chose New York," New York Times, October 25, 2011.

Do you agree that income is a way of measuring wealth?

Answer :

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BushraFatmi BushraFatmi · Answer 1 · 2024-01-24T08:43:46-05:00

Final answer:

Income is one way to measuring wealth, but not the only one. Other factors such as assets, savings, real estate, and investments also contribute to a person's overall wealth. A comprehensive view of wealth should take all these factors into account.

Explanation:

Yes, I agree that income is one of the ways to measure wealth. However, it is crucial to note that it's not the only measure. Wealth can be evaluated by several parameters such as assets, savings, investments, real estate, among others.

For instance, a person might have a high income, but if they also have high levels of debt or have not saved or invested wisely, their overall wealth can be considerably less. Similarly, a person may have low income, but if they own property or have substantial savings or investments, their wealth could be quite high. Therefore, income is important, but it is best to view it alongside other factors when measuring wealth.

Learn more about Measuring Wealth here:

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A newspaper article contains the statement: "Income is only one way of measuring wealth." Source: Sam Roberts, "As the Data Show, There's a Reason the Wall Street Protesters Chose New York," New York Times, October 25, 2011.Do you agree that income is a way of measuring wealth?

Answer :

Final answer:

Explanation:

Learn more about Measuring Wealth here:

Other Questions

A newspaper article contains the statement: "Income is only one way of measuring wealth."

Source: Sam Roberts, "As the Data Show, There's a Reason the Wall Street Protesters Chose New York," New York Times, October 25, 2011.

Do you agree that income is a way of measuring wealth?