Question

A well-known Hollywood actress owns a home in Beverly Hills and another one on the French Riviera. She owns her own movie production company along with a large portfolio of stocks. The total value of the different things she owns, minus her debts, is considered her

Answer 1

Wealth

Step-by-step explanation:

Wealth in economics can be defined as the total value of the different things an individual owns, such as land, assets, savings, stocks etc. minus her debts.

In this scenario, the Hollywood actress owns a home in Beverly Hills and another one on the French Riviera. She owns her own movie production company along with a large portfolio of stocks.

Answer 2

Wealth

Step-by-step explanation:

Wealth is defined as what one owns. This can include physical items like houses, cars, jewellery, and other personal property. It also includes assets in the financial sector such as stocks and bonds.

Wealth are.its that can be sold to gain cash. It is calculated as net assets less the amount that an individual owns.

By implication if a person owns large assets and owes a lot too, the amount of wealth he has will be small.

However if the debt he owes is small his wealth will be greater.