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April 23, 2018 / C H Thompson

Understanding Assets and Capital

  • an asset is any item of economic value owned by an individual or business that which could be converted to cash for example a car. Assets such as personal property, shares, bank savings and property are known as marketable wealth because they can be sold.
  • capital is the amount of wealth/cash available for use in making profits. A small number of people, hold large amounts of capital in the form of company shares or other investments such as pension funds, land and factories.
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